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401k Early Withdrawal 2020
Hello,
I wanted to confirm that if I withdraw my 401k in 2020 (early withdrawal) that there would be zero 10% penalty for the first $100,000 based on the stimulus package recently approved? I don't need to "qualify" for anything, correct? The "no early penalty" applies to all withdrawals?
Also, how does the "pay the taxes over three years" piece work?
Thanks,
Brian
Topics:
March 31, 2020
2:19 AM