Your 401(k) may be at a record high. Think twice before making this money move

More workers are borrowing from their 401(k)s or taking hardship withdrawals—actions that can come at a significant long-term cost.

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Even as they feel the squeeze from inflation, workers are saving more than ever.

The average retirement account balance just hit a record high, according to a new report from Fidelity. The average IRA now sits at $144,523 and the average 401(k) holds $155,800—both totals up 10% from the first quarter of the year. 

The........

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