9 Reasons Many Americans May Never Be Able to Retire

9) They’re Dipping into Their Nest Egg Too Often

Life can be unpredictable, and sometimes, you may end up with expenses you weren’t expecting. To pay for these expenses, you might be tempted to dip into your retirement nest egg. If you do this too often, though, you could end up using most of your nest egg before you retire. To avoid this, try working on building a separate emergency fund that you can use for those unforeseen expenses. It’s a good idea to put windfalls into this account, like tax refunds and year-end bonuses. You could also look through your budget and see if there are places you could trim down your spending. If you have a separate fund that’s specifically for emergencies, you’ll be able to avoid tapping into your 401(k) or your other retirement savings accounts.