Other financial discussions

Hello troy519, et al;

 

To date, I have not received any new info that answers this question. I can say that my Senator has forwarded it to their contact in the US Treasury and I am awaiting their response.

 

With that said, your specific situation may be addressed by the Stimulus' waiving of IRA 10% early withdrawal penalties up to $100K. There are many articles describing this feature. Here's one from CNN - https://www.cnbc.com/2020/03/30/op-ed-heres-how-to-take-money-from-retirement-account-under-stimulus...

Take note that this addresses only the early withdrawal penalty. Any tax associated with the IRA withdrawal is still in full force.