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Wealthy Habits Podcast

Are there some important financial questions and considerations that you've overlooked? On this show, we want to come alongside your financial and retirement journey to help you answer those questions and experience financial success.


Dave Elizondo and Drue Kampmann are Co-Founders of True Financial Partners, serving the Quad Cities. Their goal is to provide you with great information and education to help you retire with security and comfort.

As you get closer to retirement, the money choices you make become more and more critical. So make sure you're getting proper guidance and help along the way. On the Wealthy Habits Podcast, we'll cover things like social security, taxes, income planning, investments and so much more.


Reach out if you have any questions at https://www.truefinancialpartners.com/ or by calling 563-359-8783.

  1. All Episodes
  2. Ep 16: Should You Tap Into Retirement Accounts Early?

Ep 16: Should You Tap Into Retirement Accounts Early?

Sep 24, 2020

The COVID-19 pandemic has caused chaos and financial uncertainty for many people, but should you tap into your retirement accounts early? The government has approved different provisions that loosen some of the retirement rules, but Dave and Drue explain why it should be a last resort.

 

Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-16-should-you-tap-into-retirement-accounts-early/

 

What we discuss on this show: 

2:07 – Up to 100,000 without paying early withdraw from retirement accounts

3:56 – Importance of an emergency fund

7:02 – Difficult to replenish 401K

8:20 – Hardship withdraw

10:44 – Increased 401K loan amounts

13:44 – Changes to required minimum distributions

18:34 – Overall thoughts on changes

20:03 – Little financial decisions can have big impact