IRS has made it easier for you to get emergency cash out of your 401(k) – 69News WFMZ-TV
ALLENTOWN, Pa. — The IRS has made it easier to access emergency funds from your 401(k), now allowing you to withdraw $1,000 penalty-free for a “self-defined” emergency. “The reason this is an exception is because if you’re under 59.5 and you withdraw funds from a retirement account, you have to pay a 10 percent penalty […]