Skip to main content
Tags: US | GOP | 2016 | Rubio | Finances

Rubio Cashed Out Retirement Before Presidential Run

Friday, 15 May 2015 09:04 PM EDT

Sen. Marco Rubio cashed out most of his retirement savings last year as he prepared to run for president.

Records released Friday show Rubio sold six retirement funds in September for about $68,000. He apparently isn't hurting for cash, reporting at least $100,000 in his checking account and another $50,000 in a money market account at year's end.

Rubio is 43 years old. It's unusual for people his age to liquidate their retirement savings.

He earned $226,000 last year in addition to profit from the sale.

Rubio announced his campaign for the Republican presidential nomination last month. He is the son of Cuban immigrants and struggled to provide for his growing family as he entered politics in Florida 15 years ago. He's been burdened by debt ever since.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Politics
Sen. Marco Rubio cashed out most of his retirement savings last year as he prepared to run for president.Records released Friday show Rubio sold six retirement funds in September for about $68,000. He apparently isn't hurting for cash, reporting at least $100,000 in his...
US, GOP, 2016, Rubio, Finances
128
2015-04-15
Friday, 15 May 2015 09:04 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved