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Retirement Plans Can Provide Critical Emergency Disaster Relief
Enterprise Iron 
[Guidance Overview] Oct. 7, 2024 "[SECURE 2.0] allows special distribution and loan rules from retirement plans for individuals impacted by qualified federally declared disasters. This provision enables employers to offer financial assistance to plan participants by allowing emergency withdrawals or loans without incurring the 10% early withdrawal penalty. To qualify, a participant's principal residence must be located in the disaster area during the incident period, and they must have experienced an economic loss due to the disaster." MORE >> |
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