BusinessWeek had an online article this week urging people to get disability insurance. It touched on the no-no of touching retirement accounts.
As the article stated, “Digging into retirement accounts before retiring is a big no-no. Americans should heed two methods to safeguard savings: set aside a liquid cushion and buy disability insurance.”
Also the article went on to say, “If you have the right disability protection in place, then you won’t have to worry about liquidating or discontinuing your retirement savings because of a debilitating injury or illness.”