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This page contains a single entry by Associate Editor published on October 18, 2011 6:13 PM.

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Proposed Legislation Allows For Penalty-Free Retirement Account Distributions For Mortgage Payments

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Associate Editor
on October 18, 2011 TrackBacks (0) Comments (0)

Senator Johnny Isakson, R.-Ga., introduced S. 1656, the Hardship Outlays to Protect Mortgagee Equity (HOME) Act.  The Act would allow for penalty-free retirement plan distributions in order to make mortgage payments on a principal residence, and it would modify the rules governing hardship distributions. 

See Hardship Outlays to Protect Mortgagee Equity Act of 2011, S. 1656, 112th Cong. (2011).

By Derek Young, Associate Editor, Wealth Strategies Journal

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