deezdad
Well-Known Member
- Joined
- Mar 25, 2005
From what I understand as part of the $2.2 trillion cares act passed last month, the gov is allowing a penalty free distribution of your money up to $100k regardless of age.. you'd still pay tax but have 3 years to pay it.. question is anyone know what you need to qualify for the distribution? I see one of the criteria is reduced hours, so if say u normally work 50 hours per week, then 40 after Corona hit, would that count as "reduced hours"? Asking for a friend ..