
CARES Act Allows Early IRA/401(K) Withdrawls without Penalty
May 14, 2020Multiple news sources[1] have reported that the CARES Act[2] allows individuals to withdraw up to $100,000 from their IRA/401(k)/403(b) accounts without the traditional 10 percent early withdrawal penalty for those under 59 ½ years old. The new law also gives individuals up to three years to pay any taxes owed on the withdrawal. This provision […]
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