Americans are dipping into their retirement funds

Americans are dipping into their retirement funds

Hardship withdrawals from retirement saving accounts are on the rise.

IRAs Play an Increasingly Important Role in Saving for Retirement

IRAs Play an Increasingly Important Role in Saving for Retirement Thu, 03/27/2025 - 10:35 Washington, DC; March 27, 2025—ICI’s latest research shows individual retirement accounts (IRAs), powerful tools for long-term savings, are a significant component of US households’ retirement planning. In mid-2024, 44 percent of US households reported that they owned IRAs, up from 34 percent a decade ago. The study, The Role of IRAs in US Households’ Savin…

Americans Are Dipping Into Their Retirement Funds

More Americans than ever are dipping into their retirement prematurely, and experts warn it could have serious consequences on their finances later in life. A study by Vanguard that examined data from nearly 5 million people with retirement accounts, found a record 4.8 percent of account holders…