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Showing posts with the label covidwithdrawfrom401k

"Can COVID-related 401k withdrawals still lower taxable income?"

Please consult with a financial advisor or tax pro. Today we are sharing a strategy we used with a client to help them reduce their taxable income but still get money into an IRA as they wished. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The COVID-19 pandemic has forced many Americans to dip into their retirement savings to cover expenses. As a result, the CARES (Coronavirus Aid, Relief, and Economic Security) Act has introduced a provision that allows taxpayers to withdraw up to $100,000 from th