Brand New Rule Allowing For $1k PENALTY FREE Retirement Withdrawal | Secure Act 2.0

Rich Girls' Guide

Hey Rich Girls, Kirby here - did you know there was a brand-new ruling allowing for a $1k PENALTY FREE withdrawal from your retirement account that took effect this year?? Me neither - so let me fill you in on ALL the deets!
**please note this is not investment advice, just my opinion & should be used for entertainment purposes only**
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ARTICLES MENTIONED:
IRS Guidance on Secure Act 2.0: https://www.wsj.com/podcasts/your-money-matters/need-1000-for-an-emergency-now-its-easier-to-tap-your-ira-or-401k/cea2640a-499a-41d3-97a6-6bf1640c0a28https://
www.thetaxadviser.com/issues/2024/jan/secure-2-0-developments-and-guidance-for-2024.html
Exceptions to 10% penalty: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-on-early-distributions
https://www.asppa-net.org/news/browse-topics/record-number-401k-hardship-withdrawals-seen-2022
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