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Thread: Why most Americans tap their retirement savings early

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    DGUtley's Avatar tPF Moderator
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    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
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    Peter1469 (06-12-2018)

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    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

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    DGUtley (06-12-2018)

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    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)

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    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.

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