The CARES Act gave savers friendlier terms in the event they tap a last-resort pot of cash: a withdrawal of up to $100,000 from a retirement account. Be aware that you still have to prepare for a tax bill.
by Daniel at http://www.ifacareers.today
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Thursday, October 22, 2020
Pulled money from a 401(k) plan for an emergency? What it means for your taxes
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