New regulations allow for penalty-free early 401(k) withdrawals, but an advisor suggests the new uses may not be feasible.
New Rules Allow Withdrawals from 401(k) for Long-Term Care Insurance Workers now have a new option to plan for unpredictable health-related costs during retirement. Recent changes to 401(k) plans permit participants to make limited, penalty-free withdrawals to fund long-term care insurance. This insurance helps cover costs associated with daily living assistance, like bathing, dressing, and […]