WITHDRAW 401(k) FUNDS PENALTY FREE BY DEC 2020

The CARES Act allows you to withdraw up to $100K from your retirement savings plan (e.g., 401(k), 403(b), IRA, etc.) without incurring the 10% penalty. You will still have to pay ordinary income tax on your withdrawal but you can pay it in 3 equal annual installments - 1/3RD in 2021, 2022 and 2023. CARES Act 401(K) Tax Relief Article.pdf

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