I know a lot of people who have switched jobs and then cashed out their retirement that they built up during that time they worked. I can’t help but feel that’s pretty foolish and short sighted on one level, but I understand why people do it. It’s just too tempting to have a pile of cash that you are free to access.
I feel like they should make retirement untouchable – ie. it goes into an account that can only be accessed once certain conditions are met, for instance that the account holder is 60 years old. I know that might seem a bit extreme, but I’m someone who firmly believes that there should be a barrier between someone and their savings, because the temptation to spend it is often too great.
This topic was modified 6 days, 8 hours ago by NRG17.