Ep 16: Should You Tap Into Retirement Accounts Early?

<p class="p1"><span class="s1">The COVID-19 pandemic has caused chaos and financial uncertainty for many people, but should you tap into your retirement accounts early? The government has approved different provisions that loosen some of the retirement rules, but Dave and Drue explain why it should be a last resort.</span></p> <p class="p1"> </p> <p class="p1"><span class="s1"><strong>Read more and get additional financial resources here:</strong> <a href= "https://www.truefinancialpartners.com/ep-16-should-you-tap-into-retirement-accounts-early/" target="_blank" rel="noopener" data-saferedirecturl= "https://www.google.com/url?q=https://www.truefinancialpartners.com/ep-16-should-you-tap-into-retirement-accounts-early/&source=gmail&ust=1600951063380000&usg=AFQjCNE8RH-JzNEuJT067ao5qaLMYhUhyg"> https://www.<wbr />truefinancialpartners.com/ep-<wbr />16-should-you-tap-into-<wbr />retirement-accounts-early/</a></span></p> <p class="p1"> </p> <p class="p1"><strong><span class="s1">What we discuss on this show: </span></strong></p> <p class="p1"><span class="s1"><strong>2:07</strong> – Up to 100,000 without paying early withdraw from retirement accounts</span></p> <p class="p1"><span class="s1"><strong>3:56</strong> – Importance of an emergency fund</span></p> <p class="p1"><span class="s1"><strong>7:02</strong> – Difficult to replenish 401K</span></p> <p class="p1"><span class="s1"><strong>8:20</strong> – Hardship withdraw</span></p> <p class="p1"><span class="s1"><strong>10:44</strong> – Increased 401K loan amounts</span></p> <p class="p1"><span class="s1"><strong>13:44</strong> – Changes to required minimum distributions</span></p> <p class="p1"><span class="s1"><strong>18:34</strong> – Overall thoughts on changes</span></p> <p class="p1"><span class="s1"><strong>20:03</strong> – Little financial decisions can have big impact</span></p>