More Than 1 in 4 Americans Would Now Cash Out Their IRAs if It Weren't for the Penalties Involved

More Than 1 in 4 Americans Would Now Cash Out Their IRAs if It Weren't for the Penalties Involved

First, the stock market has been very volatile, and that's resulted in a lot of people seeing losses in their brokerage accounts. In a recent Wells Fargo survey, 77% of investors said they're concerned about recent fluctuations in the stock market. There are other negative consequences to tapping an IRA ahead of retirement that investors should know about.