Withdrawing Money for Disasters
Date:
It's the season for tornadoes, hurricanes, flooding and devastating winds. So, I thought it would be a good time to review the rules for taking money out of your retirement accounts to get you through the storms.
The IRS has just released a new set of FAQs on the provisions that the SECURE Act 2.0 provides for relief of individuals impacted by federally declared disasters. The SECURE 2.0 Act allows for: