It is Still Time to Withdraw from your 401(k) without penalty!

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows withdrawal up to $100,000 from certain retirement plans without 10% early distribution penalty. Distribution should be made by December 30, 2020.

To find out whether you qualify, and how to plan your income in 2020 and succeeding years using this distribution, please contact Eileen Guber, CPA at (215) 876-9800.