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25.07.2024 01.57 CDT

New IRS guidance clarifies how employees can access their funds in an emergency.

New Rules for Emergency Distributions

New Rules for Emergency Distributions

New IRS guidance clarifies provisions of SECURE 2.0 allowing employees to access their funds in an emergency.

Distributions Emergency
The IRS has recently released Notice 2024-55, providing guidance on provisions of SECURE 2.0 dealing with certain emergency distributions from retirement plans and distributions to victims of domestic abuse.
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