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This is a retirement saver’s worst mistake
When you need cash, there’s nothing like the temptation sitting in your retirement account — that stash of money that becomes all-too-available when you lose or quit your job. But withdrawing those savings can leave a deep scar on your future retirement income, according to a new report. A hefty 35% of people who left their jobs last year cashed out their retirement savings rather than keeping their money in a tax-qualified retirement, according to a new study by Fidelity Investments of the 12.5 million participants in the 401(k) plans it administers...Read More
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