Penalty waiver for early withdrawals to avoid foreclosure

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  • appelman
    Senior Member
    • Jan 2010
    • 1195

    #1

    Penalty waiver for early withdrawals to avoid foreclosure

    Does anyone know whether the proposed legislation has ever been enacted that would waive early-withdrawal penalties when funds are withdrawn from an IRA or other retirement account to prevent foreclosure on a residence?
    Evan Appelman, EA
  • Bees Knees
    Senior Member
    • May 2005
    • 5456

    #2
    Not yet. It is still only a proposal, as far as I know.

    Comment

    • appelman
      Senior Member
      • Jan 2010
      • 1195

      #3
      It's a bit more than a proposal.

      See:



      But it seems to have fallen by the wayside in our dysfunctional Congress.
      Evan Appelman, EA

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