​IRS Makes It Easier For Cash-Strapped Americans To Raid 401k, IRA Accounts – Tyler Durden

IRS Makes It Easier For Cash-Strapped Americans To Raid 401k, IRA Accounts The rising number of Americans whose checking accounts are running on fumes have a new, but less-than-ideal way of scraping up cash to make ends meet, as the IRS has issued rules to enable potentially penalty-free withdrawals from retirement accounts for flexibly-defined “emergencies.”   The new rules bring to life one of the provisions of the SECURE Act 2.0, a law passed at the end of 2022 that made many tweaks to retirement plans. With this one, retirement account owners can withdraw up to $1,000 for “emergencies,” and the IRS isn’t…  — Continue at ZeroHedge News : Read More