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 Millions of Americans Raiding Their Retirement Savings

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Millions of Americans Raiding Their Retirement Savings Vide
PostSubject: Millions of Americans Raiding Their Retirement Savings   Millions of Americans Raiding Their Retirement Savings Icon_minitimeFri Sep 25, 2015 2:16 am
With the effects of the financial crisis still lingering, 30 million Americans in the last 12 months tapped retirement savings to pay for an unexpected expense, new research shows. This undercuts financial security and underscores the need for every household to maintain an emergency fund .



Millions of Americans Raiding Their Retirement Savings 9a483130-b214-11e4-ba89-59b4c1839422_78744805


Boomers were most likely to take a premature withdrawal as well as incur a tax penalty , according to a survey from Bankrate.com. Some 26% of those ages 50-64 say their financial situation has deteriorated, and 17% used their 401(k) plan and other retirement savings to pay for an emergency expense.



http://finance.yahoo.com/news/why-millions-americans-raiding-retirement-103007713.html
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