Certain government-approved retirement plans, such as 401(k)s and IRAs, permit penalty-free withdrawals under specific circumstances related to federally declared disasters. These withdrawals, designed to provide financial relief for those impacted, are generally... Read more »
Distributions from retirement accounts, such as 401(k)s and IRAs, are typically subject to a 10% penalty if taken before a certain age. However, withdrawals made in the wake of a federally declared... Read more »
