Posted on May 21, 2024
Some millennials, Gen Zers plan to tap into retirement savings to buy a home. They 'really...
3.68K
5
3
3
3
0
Posted 7 mo ago
Responses: 3
Don't withdraw, borrow from and pay interest back to your retirement account
(1)
(0)
Seems like a bad plan to me if that is what your only source of income will be when you do retire. You want that balance to keep increasing, plus penalties for early withdrawal and taxes on that are going to be a killer.
(0)
(0)
Read This Next