Don't use your 401(k) as a piggy bank

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Don't use your 401(k) as a piggy bank

by CBSTV Videos 1:13 mins

Don't use your 401(k) as a piggy bank

by CBSTV Videos 1:13 mins

Many Americans feel they can use their 401(k) as a source for extra cash, but there are a lot of fees and penalties for withdrawing money early. CBS MoneyWatch contributor Ray Martin shares the best way to tap into your retirement savings if you really need to.

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  1. 3:09

    The Minimum Wage Debate

  2. 3:36

    Now I Get It: America's crumbling infrastructure

  3. 3:48

    Now I Get It: Benghazi Controversy Explained

  4. 3:15

    Now I Get It: 401(k)s and IRAs

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    Now I Get It: GMO controversy explained

  6. 3:31

    Now I Get It: The Armenian genocide