How dumb is it to withdraw from my IRA early?
I opened traditional and ROTH IRA accounts right after college, but also had a 401k at the job I got shortly thereafter.
It’s been 20 years now, and a lot has changed - namely that my wife and I both have jobs with pension plans.
Those IRAs I opened 20 years ago have not had any contributions made for the last 10 years or so, because I have been on a pension track for the last 13 years.
I am tempted to eat the 10% penalty and trust that my pension (plus my wife’s pension) will be adequate to retire comfortably, but I honestly don’t know how much we will need to live comfortably in retirement…
I know the conservative move is to wait, but is it always foolish to just leave that money sitting when it could be helpful now?