Via co-blogger Bob V:
"Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Harvey"
The IRS [ed: ever notice how that spells "Theirs?"] says that "Participants in 401(k) plans, employees of public schools and tax-exempt organizations with 403(b) tax-sheltered annuities, as well as state and local government employees with 457(b) deferred-compensation plans may be eligible to take advantage of these streamlined loan procedures and liberalized hardship distribution rules."
So, if you're in Texas, prayers for you and yours, and here's some potentially good news. If you don't, but know someone who does, please pass this along.
"Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Harvey"
The IRS [ed: ever notice how that spells "Theirs?"] says that "Participants in 401(k) plans, employees of public schools and tax-exempt organizations with 403(b) tax-sheltered annuities, as well as state and local government employees with 457(b) deferred-compensation plans may be eligible to take advantage of these streamlined loan procedures and liberalized hardship distribution rules."
So, if you're in Texas, prayers for you and yours, and here's some potentially good news. If you don't, but know someone who does, please pass this along.
from InsureBlog http://ift.tt/2ePgEEa
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