Channel3000.com
February 8, 2021 9:58 AM
Kate Ashford - Forbes Advisor
Posted:
Updated:
February 10, 2021 5:31 AM
Life is full of surprises—not all of them welcome. If you’re facing an unexpected financial surprise, it might be tempting to tap your retirement accounts for cash. Take it from us, there are plenty of better strategies.
“When you pull cash from your retirement account, you’re missing out on a market opportunity,” says Michelle Buonincontri, a certified financial planner (CFP) in Anthem, Ariz. “That’s investment growth you might not be able to get back.”
If you need cash now, these 10 options can help cover short-term needs or pay for a financial emergency without depriving yourself of long-term growth in your retirement accounts.