Great Resignation Could Fuel More Withdrawals From Retirement Accounts

February 1, 2022 by Contributor

(Yahoo!Finance) – Sarah Johnson has borrowed against her retirement account several times – once to buy her first home, and another time to cover unexpected medical bills. She paid the loans back – often ahead of the due dates, but when the pandemic hit and she found herself unemployed and in a financial crisis, she did the unthinkable. 

“I pulled what I had left out of my retirement accounts,” said the 58-year old marketing rep from Rochester, New York. “It’s not like I had money parked anywhere else.”

Click HERE to read the full story via The Wealth Advisor

Originally Posted at The Wealth Advisor on January 30, 2022 by Contributor.