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Rule expands penalty-free early 401(k) withdrawals — but new use ‘might not be practical,’ advisor says - CNBC

A provision from the 2022 Secure Act 2.0 is now in effect that allows limited penalty-free withdrawals from 401(k)s to pay long-term care insurance premiums.

By:Sarah Agostino
Source:CNBC
Published:
Rule expands penalty-free early 401(k) withdrawals — but new use ‘might not be practical,’ advisor says - CNBC
Workers may have a new way to help prepare for a largely unpredictable health-related expense during their golden years. Under a new rule now in effect, 401(k) plans are permitted to let participant… [+6637 chars]

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