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Can I Dip into My Retirement Savings?

Is it ever a good idea to borrow from your retirement savings early? Anna Manukyan explains when it may or may not be helpful to consider it.

by Staff
June 12, 2024
Can I Dip into My Retirement Savings?

 

1 min to read


When you're in need of some money, is it okay to take some from your retirement fund? And if so, what are the penalties?

Anna Manukyan, Senior Director of Education and Creative for Ulta Beauty, wants you to know all of your options when it comes to using your retirement savings early. Spoiler alert, it's never a great idea to borrow from your retirement savings if you can help it, but see the below video in which Manukyan explains when to consider it.

Originally posted on Modern Salon

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