From Wall Street Journal:

The Secure 2.0 Act allows for penalty-free early withdrawals from retirement accounts in certain circumstances such as natural disasters and terminal illness. This means individuals can tap into their IRA or 401(k) before the age of 59½ without facing penalties. These exemptions are important for those facing unexpected financial challenges and provide additional flexibility for retirement savings. The act offers relief and support for individuals navigating difficult situations, offering a safety net during challenging times. This news provides important information for individuals looking to understand their options for accessing retirement funds early.



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