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08/27/2012
During challenging economic times, it can be tempting to forego contributions to your retirement account, or even pull money out of an existing account to cover other expenses. “Some plans allow you to withdraw money for certain hardship reasons (to prevent eviction or foreclosure, for instance), but there can be some pretty tough financial consequences for tapping or ignoring your retirement plan,” warns Claire Rosenzweig, President and CEO of the BBB of Metro New York.
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