Job loss

 
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While it may be tempting to reach for retirement assets after losing a job, look for other sources that won't have the same impact on your long-term plans. These resources will help you prioritize.
Keep in mind:
Savings accounts or liquid investments like money market funds may be the simplest to tap, and short-term interest rates are historically low.
Home equity loans or lines of credit can be a way to access your home equity. Not only do these loans typically carry comparatively low interest rates, but interest payments are generally tax deductible. Consider the potential risks of tapping into equity.
Tapping into retirement assets should be a last resort, but if you need to go this route, Roth contributions might be a more efficient option. The amounts you contributed may be withdrawn tax free, since you've already paid taxes on them.
 
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