Wiles: Why you shouldn't tap into your retirement plan after disasters


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CLOSE We all want to save money for retirement, but these 5 costs that retirees face might shock you.
In the wake of a disaster like Hurricanes Harvey or Irma, a job loss or other financial trauma, it's natural to look to 401(k)-style retirement plans or Individual Retirement Accounts for help.
Retirement plans are among the largest sources of fairly liquid, non-housing money available to millions of Americans. They are tempting sources of ready cash.
The Internal Revenue Service recently acknowledged as much, reminding Harvey victims with 401(k) accounts that they... read more

 
13 September 2017 in Regional, Views: 19
Source: AZCentral
 


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