DoubleNet Pay Blog New York Times: Tapping Retirement Funds in Emergency May Cause Other Problems

The lack of emergency savings can cause financial problems far beyond a short-term cash crunch, new research shows. Some people without cash reserves end up drawing on their retirement accounts, putting them at risk of shortfalls later in life, according to an analysis published on Wednesday by the Pew Charitable Trusts. About 13 percent of working-age people [...]The post New York Times: Tapping Retirement Funds in Emergency May Cause Other Problems appeared first on DoubleNetPay.