Details
As McDonald writes, buried deep in the CARES Act (the Corona Aid, Relief and Economic Security Act) which was enacted on March 27, 2020, and provided $2.2 Trillion of fiscal stimulus to offset the impact of the coronavirus on the U.S. economy, “is a clause that gives temporary flexibility on early withdrawals from retirement accounts. These temporary changes to the rules give more leeway to make emergency withdrawals from tax-deferred retirement accounts without incurring a penalty.”
Specifically, Section 2022 of the CARES Act eliminates the 10 percent early withdrawal penalty if you are under the age of 59 ½ and withdraw up to $100,000. It also allows for the spread out of your income tax liability over three years rather than the same year you withdraw the money. And since the window to make these penalty-free early withdrawals closes by the end of 2020, millions of cash-strapped households may have no choice but to sell tens, if not hundreds of billions in passively-managed funds to take advantage of this one-time offer to avoid a 10% early withdrawal charge.-
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nah. you still have to pay income tax
The Scessful Musicians Are Selling Their Music Catologs, At Thus Time. Swift got 300 million . Nicks got 100 million. 8 Other's Dahboo. Check it Out!!!☆☆☆☆☆ ❤ peace
If you make over 440k per year and have a very large property plus, 401k. Sell Sell Sell. If you don't have or make 400k. Per year. Ya got nothing to worry about.
Cares Act means Don’t Cares act. Patriot Act means Communist Act. We’re in opposite world because their god Lucifer likes backwards.
This Administration sitting things up to fail since they lost? War with Iran?
Thank you DAHBOO for keeping us informed!!
Thanks
What I just posted is it even real
They only CARE about themselves.
It means they stole our money
I just herd a big boom, shook the house. Maybe a sonic boom, I did hear a jet when I went outside to check. SW Missouri.
Ohh another one at 11:30 CT . Two. Herd something else flying in the sky’s but a different sound.
The wealth of the wicked is stored up for the righteous
The Bible
My advice, CASH OUT NOW while you can.
The transfer of wealth has begun- The great reset Rapture ready Maranatha
There's got to be people out there that feel my frustrations has anyone seen the price of lumber or building materials. This has to stop we have to stop it
This communist virus is achieving it's goal.
Get ur money outta there! Take away their Monopoly money!
My wife recently deposited a sizable cashiers check into her bank account the other day and could only use a thousand dollars of it. Normally a cashiers check is treated like cash and is available immediately. The bank told her, because the check was so large, they couldn’t make the funds available until two days later. Something is definitely up with banks. Could be people are drawing more money out than putting money into the banks making them less solvent. This could be a precursor of things to come.
Stock selling because new act
Look up when the CARE's Act was introduced and signed by the President in Jan. 2019. Nicely Plannedemic!
dont sell this market is going alot higher like 50k. this is the proof dont cash out if there asking for this no way. also today at work a coworker tested positive and they wanted me to get a test and they said they could not make me so then i decided to call the hospital and asked if i could bring my own swab they replied no then i asked could i have a sample of theres and they said no. not me you got the wrong one shooooooot wrong one shooot lol
The devil is in the details.
10%? You turkey jiving me. My Thanksgiving dinner cost that much more this year over last year.
Past time to turn your worthless monopoly money into useful needed items.