I’m not sure I understand the point of this bill. Seems like they would WANT people to cash out their 401k’s to generate new tax revenue. Hell, if they got rid of the penalty altogether they’d see a huge rise in tax revenue. It’s our money we should get to decide when we pay the tax and what we do with it afterward.
People with depleted IRAs and 401ks, etc., will mess up the scumbag politicians' plans to "means test" so-shecurity.