3 Things to Consider Before Raiding Your Retirement Fund to Pay the Bills
The coronavirus pandemic has turned the world upside down, wreaking havoc on people's health, the world economy, and job security.
Approximately 22 million Americans have filed for unemployment benefits over the last month, and with no end in sight for the pandemic, that number could continue to rise. Because jobs are so scarce right now, many of those who are currently unemployed might stay unemployed for the foreseeable future until the stay-at-home orders lift and the economy begins to recover.
If you've lost your source of income and need help making ends meet, you might be tempted to tap your 401(k) or IRA. However, there are a few drawbacks to that approach that you should consider carefully.
Source Fool.com