Peter Gulia Posted November 4, 2024 Posted November 4, 2024 2025’s limits on some kinds of early-out distributions bear what to some might seem an incongruity: $1,000 for an emergency personal expense; $5,000 for a birth or adoption; $10,300 when one is a victim of domestic abuse; $22,000 if one had a loss from a federally declared qualified disaster. BenefitsLink neighbors, any observations? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
CuseFan Posted November 4, 2024 Posted November 4, 2024 Yes, legislators are just pulling numbers out of their backsides, the same source as for all their political commercials. Bill Presson 1 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
CuseFan Posted November 4, 2024 Posted November 4, 2024 Seriously, other than maybe looking at a national average of birth and adoption costs, I have no reasonable thoughts as to how they arrived at those other amounts. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
Peter Gulia Posted November 4, 2024 Author Posted November 4, 2024 The limit on a domestic-abuse distribution is inflation-adjusted. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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