A recent survey from American Century showed that nearly one-third of the investors surveyed said they would consider pulling money out of their retirement accounts early if they lost their jobs.

Despite the fact that 94% of the respondents said they understood that such withdrawals would result in taxes and penalties, 32% said they would consider tapping their retirement accounts if their jobs dried up.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.