Can a husband and wife who each have their own 401ks withdraw 100k each (200k total) early without the 10 percent penalty under the Cares Act (Covid 19) if they qualify?
03797
3 Replies
Texas Roger
Level 15
May 9, 2020 9:17:15 AM
I see no restrictions for each spouse to take a withdrawal from their own accounts as long as each of them meets the qualifications to be able to withdraw without the penalty. See the IRS news release: