Congress set to pass new rule that allows new parents to cash out $5,000 from 401(k)s—but experts say think twice
December 19, 2019 at 09:01 AM EST
On Wednesday, Congress passed new legislation that will allow Americans who just had a baby or adopted a child to take a withdrawal of up to $5,000 from their retirement accounts, including 401(k)s and IRAs, without any penalty.
