10 Money Do’s and Don’ts from the Presidential Candidates
Beth Braverman
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August 12, 2015
Marco Rubio
The lesson: Have an emergency fund.
The Florida senator reportedly cashed out a retirement account last September partly to cover the costs of a new refrigerator and air conditioner. If Rubio had managed to set aside the recommended three to six months’ worth of living expenses for emergencies, he could have let that money continue to grow in his nest egg rather than potentially paying tax penalties on it and jeopardizing his retirement security.