User Tag List

+ Reply to Thread
Results 1 to 4 of 4

Thread: Why most Americans tap their retirement savings early

  1. #1

    tPF Moderator
    Points: 45,830, Level: 52
    Level completed: 33%, Points required for next Level: 1,220
    Overall activity: 21.0%
    Achievements:
    Recommendation Second ClassSocial50000 Experience PointsTagger First Class1 year registered
    DGUtley's Avatar tPF Moderator
    Karma
    164538
    Join Date
    Jul 2016
    Location
    Northeast Ohio
    Posts
    11,853
    Points
    45,830
    Level
    52
    Thanks Given
    4,436
    Thanked 9,800x in 5,651 Posts
    Mentioned
    364 Post(s)
    Tagged
    0 Thread(s)

    Post Why most Americans tap their retirement savings early

    Why most Americans tap their retirement savings early. I think we’ve all seen it. I preach against it but sometimes it is unavoidable.

    1678B548-2997-4344-95EE-DC19B0F9CD29.jpg

    https://www.cnbc.com/2018/06/12/this...ngs-early.html
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

  2. The Following User Says Thank You to DGUtley For This Useful Post:

    Peter1469 (06-12-2018)

  3. #2
    Original Ranter
    Points: 463,748, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 67.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    413179
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    141,941
    Points
    463,748
    Level
    100
    Thanks Given
    81,719
    Thanked 64,152x in 43,836 Posts
    Mentioned
    2153 Post(s)
    Tagged
    0 Thread(s)
    I wouldn't tap into my retirement for kids (if I had them). I paid for my own school, and so can they.
    Alea iacta est

    Check out the blog.


  4. The Following User Says Thank You to Peter1469 For This Useful Post:

    DGUtley (06-12-2018)

  5. #3
    Points: 23,243, Level: 37
    Level completed: 8%, Points required for next Level: 1,107
    Overall activity: 13.0%
    Achievements:
    50000 Experience PointsVeteranYour first Group
    jimmyz's Avatar Senior Member
    Karma
    174974
    Join Date
    Jul 2014
    Posts
    9,138
    Points
    23,243
    Level
    37
    Thanks Given
    0
    Thanked 4,669x in 3,260 Posts
    Mentioned
    79 Post(s)
    Tagged
    0 Thread(s)
    My Defined Benefit Pension set dates and if you pull money early the penalties get you. Baring catastrophe, knock wood, I won't have to. The other guy down the street with little to no estate planning/savings is in a mell of a hess.
    " I'm old-fashioned. I like two sexes! And another thing, all of a sudden I don't like being married to what is known as a 'new woman'. I want a wife, not a competitor. Competitor! Competitor!" - Spencer Tracy in 'Adam's Rib' (1949)

    Art thou every retard among us related to thine uncle or mistress by way of moral or illegitimate rendezvous? Thus, we are one side of the other's coin by luck or pluck. - Jimmyz

  6. #4
    Points: 156,207, Level: 94
    Level completed: 57%, Points required for next Level: 1,643
    Overall activity: 99.8%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Tahuyaman's Avatar Senior Member
    Karma
    255704
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    69,001
    Points
    156,207
    Level
    94
    Thanks Given
    7,856
    Thanked 24,668x in 18,524 Posts
    Mentioned
    379 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    I wouldn't tap into my retirement for kids (if I had them). I paid for my own school, and so can they.

    I paid for some of it, but I made them also have significant skin in the game.

+ Reply to Thread

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO