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Retirement Withdrawals: Those Who Take Money Out Early Rarely Pay It Back
FinanceBuzz 
Oct. 18, 2024 "2 out of every 5 people with retirement accounts have taken money out of them early, including more than 10% that have done so multiple times. Only 43% report paying back the amount withdrawn.... More than 80% of people are unaware of an IRS change allowing a $1,000 emergency withdrawal. Personal debt is the #1 reason for making an early withdrawal, cited by nearly one-fourth (24%) of people who have taken an early withdrawal." MORE >> |
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