As part of the CARES Act, which was passed by congress in late March, “qualified individuals” may withdraw up to $100,000 from retirement accounts without the normal 10% early withdrawal penalty. The window to take a distribution and avoid the penalty ends December 31st, 2020.
Join us as we look into alternative options -- like 401(k) loans -- how a distribution would work, and tax considerations.
**Correction** This video was re-uploaded. Window to take a distribution and avoid the penalty ends December 30st, 2020. Video stated 12/31/2020.
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