Emergency 401(k) Withdrawals? How SECURE 2.0 Makes It Easy
<p>Less than a year ago I crossed a magical line in the legislative sand.</p>
<p>I turned 59.5.</p>
<p>Yeah, I know, that’s kind of an odd number, isn’t it?</p>
<p>Tell that to Congress though. They made that age a critical milepost in letting us access our own money from tax-deferred retirement accounts such as traditional IRAs and 401(k) plans.</p>
<p>If you’re younger than 59.5 and want to make a withdrawal from your non-Roth 401(k), beyond the income taxes you’ll owe on the portion of the withdrawal that comes from investment returns, adding insult to injury, you’ll also need to pay a 10-percent penalty.</p>
<p><a href="https://medium.com/crows-feet/emergency-401-k-withdrawals-how-secure-2-0-makes-it-easy-72fe17f0156c"><strong>Learn More</strong></a></p>