New Legislation Could Allow You to Use 401(k) Money for Emergencies
June 03, 2021 at 09:47 AM EDT
The 2020 CARES Act passed in response to the coronavirus pandemic allowed workers to access retirement savings locked up in vehicles like 401(k) plans and individual retirement accounts (IRAs) for pandemic-related emergencies without triggering the 10% levy on early withdrawals. In a rare act of...