Tapping retirement funds early looms as a big challenge

Loans and cash-outs from retirement accounts resulted in the loss of $81 billion in retirement assets last year, according to a report from Cerulli Associates. Beyond “interaction with their record keeper or IRA service provider, there is really nothing stopping anyone from accessing either [their defined contribution] or IRA account early,” says Shaan Duggal of Cerulli. PlanAdviser.com (12/16)