4. IRAs Have Restrictions.
The whole point of having a retirement account is to save for your retirement. When you have been investing for a number of years or decades, it is easy to see the amount of money you have accrued and want to take it all out (for whatever reason you may have), but this is where having this type of account can help you. There are restrictions, or fees and taxes if you withdrawal from your IRA and while there may be a real need for doing this, you are taxed heavily so that it deters you from doing this. When you take out money, whether it is a small amount or a large amount, you are taking away from a large fund and when a large fund gains interest every year, the money you take out significantly can set you back from your goal. Consider discussing some of the restrictions with your tax advisor or financial planner so that you are informed about all the rules with the IRA accounts.