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michaelburton
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michaelburton asked about a year ago in 401k Plans

401k

i heard that this year taxpayers will be able to withdraw up to 10,000 dollar without having to pay a penalty is this true?

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Michael Kitces
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Michaelburton,
Although this has been proposed as potential legislation for retiree relief, it is only a proposal and has not yet been signed into law.

Whether this ultimately becomes law later this year remains to be seen, although we should see more clarification about what will or will not be passed by Congress in the coming few months.

I hope that helps a little!

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