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Proposal Would Allow Penalty-Free Emergency Withdrawals from 401(k)s, IRAs
ThinkAdvisorLink to more items from this source
June 3, 2021

"The Enhancing Emergency and Retirement Savings Act of 2021 would ... provide a penalty-free 'emergency distribution" option from employer-sponsored retirement accounts and IRAs. One emergency distribution would be permitted per calendar year, and that distribution would be limited to vested amounts over $1,000, with an annual maximum withdrawal of $1,000[.]'

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