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CARES Act 401(k) Explained – Penalty Free Withdrawal

CARES Act 401(k) Explained – Penalty Free Withdrawal

Section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, provides for special distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from certain retirement plans. Question: What are the special...

Take the penalty-free 401k withdrawal that the CARES ACT allows?

Take the penalty-free 401k withdrawal that the CARES ACT allows?

Are you considering a 401k withdrawal to stay afloat? Today we'll look at the CARES ACT and how a 401k withdrawal can come with no penalty. If you do need to take an early 401k withdrawal we'll cover some of the other considerations like taxes, paying it back and the differences between this and a...

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