Let’s start with bad reasons, they include:

• Helping relatives
• Wanting to start a business
• Paying off credit card debt
• Living beyond one’s lifetime means

There can be “good” reasons – such as:

• Unanticipated real-life needs where government benefits are not available (medical needs not met by insurance or Medicare or other programs)
• Investment into advancing job-readiness skills
• Similar capital-building programs that truly substitute for the regular payments that will be surrendered at a cost