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The Hidden Impact of Drawing from Retirement Funds Early
Just about everybody knows that the pathway to a secure and comfortable retirement is the accumulation of a nest egg. And one of the surest ways to build this nest egg is to stick to a steady plan of contributing to deferred plans like 401ks and IRAs. Despite this common and readily acknowledged truth, though, many folks (well more than a quarter of Americans) have tapped these funds prior to their retirement, mostly to handle immediate debt. In a post on globegazette.com, Katie Brockman examines the downside of this action in terms of its long-term impact on retirement savings goals. Read her post here…
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