I took money out of our IRA a couple of years ago and I still hate myself for it.

It was unavoidable. But was I as smart about it as I should have been? Probably not, which is how I'm sure plenty of Americans might feel about the nearly $57 billion they prematurely withdraw from retirement plans each year.

This, in case you missed the news, is America Saves Week, and thus a good time to bring up the so-called retirement plan leakage problem. On the other hand, I'm also sure some would say this is not the moment to advance an idea that would encourage Americans to borrow more from their retirement accounts.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Defined Contribution
Advisor Sales Strategies
Retirement Trends