Over the years you have slow but sure, steadily funded your retirement account.
For well, the day of when you hopefully make it to the Golden Years of your life. But along the way toward that point, it can be tempting to see all that money. To think of why not use it to invest in a home?
Especially when divorce happens, thinking of renting with the split time sharing, raising the kids.
But wishing there was a way to buy and not wait.
To create the home to continue the childhood traditions, memory making. To get those kids healed, raised, launched successfully out of the household nest.
Retirement money account withdrawals to buy a house, etc by using the what some plans offer called the "hardship allowance".
Too easy, not a good idea. But even bigger than all that. What does the IRS say about tapping into a the saved for retirement day fund?