URGENT! Early 401K withdrawal with NO FEE! (CARES ACT AVOID 10% FEE)

Описание: Thanks to the CARES Act you can take money out of your 401k without any penalty fees. The rules governing 401k withdrawals have been temporarily changed for 2020. With so many people losing jobs and struggling to pay bills, the CARES Act offers support to allow people to withdraw up to $100,000 from your 401k and avoid the 10% fee. Find out more details about this option expiring at the end of 2020.

0:00 Introduction
1:38 The CARES Act Changed All Of The Rules About 401(k) Withdrawals
https://www.cnet.com/personal-finance...
2:24 Aviod 10% Early Withdrawal Fee From 401K
3:07 Debt Snowball Method    • DEBT SNOWBALL METHOD (How Do I Get Out Of ...  
3:42 Payoff Debt With 401K Cash Out Example
5:20 How did the stock market hit a record amid COVID-19 fueled recession? https://www.usatoday.com/story/money/...
6:25 Is Dave Ramsey Wrong?

If you are new to the channel I am working toward financial independence. On this channel I share some of the insights that I have learned as I have been on this journey and my goal is to help you reach your financial goals and help you be more intentional with your money. I post new videos every Thursday!

Feel free to check out my other videos for help on your financial journey.

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I am a husband and father of three who is working toward financial independence. My current goals are to pay off my home by July 2021 and to be financially independent by April 2028.

Outside of time with my family, watching people succeed with money is one of my greatest joys. So many people have challenges with personal finance. I create videos that have a simple, practical approach that anyone can apply to win with money. I have been practicing what I preach in my own personal financial life, and can help you immediately in yours.

Whether you need help organizing your finances or making progress on the path toward financial independence, retire early (FIRE), I can help you be more intentional with your money. Thanks for subscribing!

Other topics I discuss include:
-Getting out of Debt
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-Budgeting (reducing expenses)
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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