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What is the lock-in period for retirement funds?

According to the National Institute on Retirement Security, nearly 40% of older Americans rely solely on Social Security for their income in retirement. To build a more secure future, many people invest in private retirement funds, but these often come with specific rules regarding withdrawals. Understanding what is the lock-in period for retirement funds is a crucial part of your financial planning, ensuring you know when and how you can access your hard-earned savings.