Wiles: Why you shouldn't tap into your retirement plan after disasters
Skip in SkipxEmbed
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
- 13:35 The Latest: Lawmakers want Pompeo to testify on Russia
- 13:26 Trump unfazed by GOP criticism, says Putin meeting was great
- 13:05 Houstonâs Freeway Rapist back in custody after new arrest
- 12:37 Justin Nelson reports $1.1 million in campaign coffer, Texas AG Ken...
- 10:31 As Gov. Abbott allocates $16M for ad campaign, challenger Valdez...
- 00:45 Trump embraces longtime US foe Putin, doubting own intel
- 00:45 Republicans join Democrats in condemning Trump's remarks
- 00:32 Summit takeaways: Trump doubts intel, plays trusted friend