5. Cashing Out Your Plan

This is an extension of borrowing money from your retirement plan. This, however, is an aggravated version of borrowing money from your retirement fund. People who use this method make petty excuses like paying for expenses and the like to justify this ill-habit. Such people need to change their attitude and look at retirement fund in a new light. Exhausting the retirement plan and filling it up later never happens because we humans do not think of growing old. So, filling up the retirement fund is a procrastinator’s paradise. Consider this fund as sacred and treat it in a revered manner. Only then will your retirement be truly secure. Remember – old age is not the time to go beg for money.