Fun Fact of the Day, January 27, 2020

January 27, 2020

Change In The Law - The newly passed SECURE Act allows Americans to withdraw money from a pre-tax 401(k) or IRA without paying a 10% penalty for an “early withdrawal” if the funds are used to cover costs related to childbirth or adoption.  The withdrawal would be subject to ordinary income tax.  Please consult a tax expert for details (source: SECURE Act). Reprinted with permission from BTN.










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