Oct 3, 2020 #1 C cyber888 Thinks s/he gets paid by the post Joined Aug 12, 2013 Messages 1,972 I read the the CARES act removed the 20% witholding tax requirement on 401Ks. Does that only apply to early withdrawals for those who are not retired or does it apply to retirees as well ? And is the suspension of witholding tax only temporary?
I read the the CARES act removed the 20% witholding tax requirement on 401Ks. Does that only apply to early withdrawals for those who are not retired or does it apply to retirees as well ? And is the suspension of witholding tax only temporary?
Oct 3, 2020 #2 MichaelB Give me a museum and I'll fill it. (Picasso) Give me a forum ... Site Team Joined Jan 31, 2008 Messages 40,741 Location Chicagoland A couple of recent threads that may have the answer to that question https://www.early-retirement.org/fo...withdrawal-without-paying-penalty-103363.html https://www.early-retirement.org/forums/f55/cares-act-pulling-cash-penalty-free-from-ira-103272.html https://www.early-retirement.org/fo...istribution-need-accountant-input-105319.html Last edited: Oct 3, 2020
A couple of recent threads that may have the answer to that question https://www.early-retirement.org/fo...withdrawal-without-paying-penalty-103363.html https://www.early-retirement.org/forums/f55/cares-act-pulling-cash-penalty-free-from-ira-103272.html https://www.early-retirement.org/fo...istribution-need-accountant-input-105319.html