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Paul L. Porretta Quoted in CNBC Article, 'Congress May Let You Take $100,000 From Your 401(k). What You Should Know'

3/23/2020
Paul L. Porretta Quoted in CNBC Article, 'Congress May Let You Take $100,000 From Your 401(k). What You Should Know'

Paul L. Porretta, a partner in the Employee Benefits and Executive Compensation Practice Group of Pepper Hamilton, was quoted in the March 23, 2020 CNBC article, "Congress May Let You Take $100,000 From Your 401(k). What You Should Know."

“You get a three-year period to pay the taxes to Uncle Sam,” said Paul Porretta, partner at Pepper Hamilton LLP in New York.
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“A 401(k) plan or a 403(b) plan, even if it allows for hardship withdrawals, can require that the employee exhaust other sources of money before taking a withdrawal,” said Porretta.

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