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  2. Pros and cons of government 457(b) retirement plans - AOL

    www.aol.com/finance/pros-cons-government-457-b...

    Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...

  3. 8 ways to take penalty-free withdrawals from your IRA ... - AOL

    www.aol.com/finance/8-ways-penalty-free...

    Here are the ways to take penalty-free withdrawals from your IRA or 401 (k) 1. Unreimbursed medical bills. The government will allow investors to withdraw money from their qualified retirement ...

  4. A provision of The Coronavirus Aid, Relief, and Economic Security Act allowed workers of any age to withdraw up to $100,000 penalty-free from their company-sponsored 401(k) plan or individual ...

  5. 457 plan - Wikipedia

    en.wikipedia.org/wiki/457_plan

    The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.

  6. CARES Act - Wikipedia

    en.wikipedia.org/wiki/CARES_Act

    The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.

  7. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    This does not apply to the similar 457 plan. As a response to the COVID-19 pandemic, the CARES Act allowed people to withdraw funds before the age of 59 + 1 ⁄ 2 up to $100,000 without the 10% penalty due for 2020. Loans. Many plans also allow participants to take loans from their 401(k).

  8. Early withdrawal rules for retirement plans may be too ... - AOL

    www.aol.com/finance/early-withdrawal-rules...

    Recent legislation could also impact IRA withdrawals. The CARES Act enacted at the start of the pandemic in 2020 let workers take up to $100,000 out of their retirement accounts without the 10% ...

  9. Federal Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Federal_Employees...

    Federal Employees Retirement System. The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2]

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