MiCDA News Reference
"U-M Analysis: Fewer Have Retirement Funds, More Raid Them" - CBS - Detroit. 02/06/2013.
Frank Stafford and Thomas Bridges found that over the past decade a smaller percent of Americans initiated retirement accounts and more were dipping into them prior to retiring. Although defined benefit plans restrict pre-retirement withdrawls, other types of now-common options do not. Stafford says: ““If you leave people to their own devices, it’s tempting for them to use this money before they retire... So allowing pre-retirement access to these funds is a problem.” Full paper.
Frank P. Stafford
Note: If you are reading this, it may be that you are using rather old web browsing software that does not support modern international Web technology standards. For a better experience of this site and the web in general, please upgrade your web browser software today:
Firefox; Opera; Safari.