I believe that is already part of the law at least on the 401k side. Does that not extend to IRAs?
Um, they did this up to $100k. Also, if 55 or older, and leaving employment permanently, I believe thre are no longer penalties at all - i.e. it removes the 59 1/2 requirement as long as you never work again.
They should waive all taxes on any amount taken out.
It’s all gonna be funny money soon anyway.
Trump is here to take us through bankruptcy..
Either by inflating the dollar or by creating a new internal dollar and letting the old dollar float while the new one is tied to gold. Only US citizens could convert old dollars to new ones...all external paper of any sort would turn to dust.
Just thinking out loud here....what if I can withdraw money from my 401(k), pay it back in three years to get the full refund in taxes, use the 401(k) money to offset increases in contributions to 401 (k) reducing my taxable income during the same three years? Possible?