When a Disability Derails Your Retirement Plans

Advertisement So, you had your eye on a retirement future, but an unexpected disability changed everything. What now? While hindsight is forever 20-20, this is perfect teaching point regarding the value of a private disability insurance policy. Not just the one (perhaps) provided by your employment. This was the observation in a recent Chicago Tribune article titled “Disability, early retirement demand a budget strategy.” While a disability may qualify you to take a hardship withdrawal from your 401(k) plan (if the plan allows it) and from your IRAs, there are other strategies you can implement before going this route. For […]