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The Covid Lockdown and Retirement Accounts | NewsRadio 740 KTRH

By Sally Adams Feb 9, 2021 Times are tough and some Texans are either taking funds out of their retirement accounts or contributing less. Oak Harvest Financial Group CEO Troy Sharpe says they are stealing from themselves. We re seeing a lot of people having to tap their retirement accounts sooner than they otherwise would have. This does have long term negative impact. We re talking about lost interest potential, tax deferral and compounded interest over the next several years. Sharpe says they will probably have to postpone their retirement. He suggests while they can still work, they should work a side gig or upgrade their skills online or at a community college in order to get a better job.

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