tldrdailynews.com logo

New Rule Eases Penalty-Free 401(k) Withdrawals, but Practicality Questioned

1 min read
Source: CNBC
New Rule Eases Penalty-Free 401(k) Withdrawals, but Practicality Questioned
Photo: CNBC
TL;DR

A new rule allows penalty-free 401(k) withdrawals for long-term care insurance, but experts warn it may not be practical due to limitations and high costs of insurance premiums, and the potential tax implications of using retirement funds for this purpose.

Topics:businessfinance#401k#finance#insurance-costs#long-term-care#penalty-free-withdrawals#retirement-planning
Share this article
Rule expands penalty-free early 401(k) withdrawals — but new use ‘might not be practical,’ advisor says  CNBC

Want the full story? Read the original reporting

Read on CNBC