New Rule Eases Penalty-Free 401(k) Withdrawals, but Practicality Questioned
TL;DR Summary
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:business#401k#finance#insurance-costs#long-term-care#penalty-free-withdrawals#retirement-planning
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