In this video, I explain what happens if you need to access your retirement funds due to a terminal illness. We’ll cover:
- When the IRS allows penalty-free withdrawals
- How disability and hardship rules apply
- Taxes you’ll still need to pay
- Options like hardship withdrawals and Substantially Equal Periodic Payments (SEPP)
If you or a loved one are facing a serious health challenge, understanding your financial options can make a big difference.
Watch until the end for key takeaways and next steps to consider.
If you’d like help with your specific situation, connect with a Certified Financial Planner® or tax professional.
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