Self-Control and Saving for Retirement

Some experts have called for easing penalties on early withdrawals from savings plans, believing people will invest more if they know they can get their money if they need it. But most Americans appear wary of such changes, fearful of the temptation to raid their own nest eggs. Sixty percent of Americans say it is better to keep, rather than loosen, legal restrictions on retirement plans so that people don't use the money for other things. Only 36 percent prefer to make it easier for people to tap such savings before their retirement. Public Agenda2

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