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Secure 2.0 Enables Additional Penalty Exceptions for Retirement Account Withdrawals
Prior to Secure 2.0 and the recently-passed House Spending Bill, there were 10 provisions for penalty-free withdrawals from a qualified retirement account. Now, with passage of this bill, there are four more. In a post by CNBC Personal Finance Reporter Greg Iacurci, the four new provisions are explained, along with a recap of the 10 pre-existing provisions. Of course, and as noted in Iacurci’s article and as espoused by many financial planning experts, taking advantage of these provisions should be a last resort because of the implications they produce for retirement insecurity in the future. Check out the Iacurci cnbc.com post here…