9/23/2015 – Why Millions of Americans Are Raiding Their Retirement Savings

Yes, you can tap your 401(k) early, but it’s a terrible idea.

With the effects of the financial crisis still lingering, 30 million Americans in the last 12 months tapped retirement savings to pay for an unexpected expense, new research shows. This undercuts financial security and underscores the need for every household to maintain an emergency fund.

Read the full article at Time.