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CARES ACT, allows penalty free withdraws up to $100k from 401K, 403B accts.

edited March 26 in Fund Discussions
I hope folks do not become forced into, or think they should "anyway", pull these monies.

***Presumption house will pass this legislation on Friday.

CARES ACT article with internal links

Take care of you and yours,
Catch

Comments

  • Everyone needs an emergency fund...invested conservatively...to cover basic expenses for rent, food, and insurances. The question is how many months or years should you prepare for?
    “If you lose your job or are recently retired, you do not want to have to sell stocks at a low point during a bear market or take a distribution or loan from your 401(k) account or IRA because you are cash poor.”
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