Understanding Early Withdrawals from Retirement Accounts

Submitted on Sun, 07/21/2013 - 7:50 am
Urban.org

One reason many people are financially unprepared for retirement is that they tap into their retirement savings before they retire. They tap it when they lose their jobs, or at the onset of poor health, or to pay for a new home. A large percentage cash out retirement savings when they change jobs instead of rolling it over.