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SECURE Act 2.0: Penalty-Free Retirement Plan Distributions to Pay Long-Term Care Insurance Premiums

·Source: Serving Those Who Serve

SECURE Act 2.0 includes a provision that may allow workers under age 59½ to take certain qualified retirement plan distributions to pay long-term care insurance premiums without the usual 10% early-withdrawal penalty. The article explains how the rule works and what it could mean for federal employees considering LTC coverage.

Read full story at Serving Those Who Serve

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secure-act-2-0early-withdrawal-penaltylong-term-care-insurancequalified-retirement-planstsp