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401k cares act withdrawal
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<blockquote data-quote="ManInBrown" data-source="post: 4687438" data-attributes="member: 46614"><p>Yes. You call Prudential and speak to a representative, they then connect you to an automated line where you answer a few questions stating you were affected by Covid. The requirements are very broad. Answer yes, you get sent back to the representative and they process the withdrawal. You can spread the taxes owed over three years. I had 10% taken off the top and will pay the remaining over the three years. Just an FYI the cares act is expiring sometime in December so if you‘re planning on taking money out I wouldn’t wait long.</p></blockquote><p></p>
[QUOTE="ManInBrown, post: 4687438, member: 46614"] Yes. You call Prudential and speak to a representative, they then connect you to an automated line where you answer a few questions stating you were affected by Covid. The requirements are very broad. Answer yes, you get sent back to the representative and they process the withdrawal. You can spread the taxes owed over three years. I had 10% taken off the top and will pay the remaining over the three years. Just an FYI the cares act is expiring sometime in December so if you‘re planning on taking money out I wouldn’t wait long. [/QUOTE]
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