MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

  • bee March 2020
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

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

catch22catch22
edited March 2020 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

  • beebee
    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.”
Sign In or Register to comment.