Yes. You can withdraw up to $1,000 from your retirement savings for any medical emergency. Employers will provide automatic enrollment in an emergency savings account with a maximum of $2,500. This account will be linked to your retirement plan, but you don't need to pay any penalty taxes on withdrawals from your retirement account.
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Can I withdraw funds from my SIMPLE IRA account if there is a medical emergency?
Can I withdraw funds from my SIMPLE IRA account if there is a medical emergency?
Last updated on Sep 18, 2024