Return all pre-withdrawal penalties to those who had to tap pre-retirement funds to survive. Remove all such penalties going forward. Once taxes are paid, our earnings belong to us. The average citizen should not be penalized on their hard-earned dollars when big business and government caused millions to lose their jobs and quality of life. Correct your mistake right away, and ask forgiveness for your negligence.
Why is this important?
When millions of American's lost their jobs due to big business fiascos, people had to dip into their 401ks and IRAs and the like to survive. The federal government did not lift the rule on the 10% pre-withdrawal penalty. Corporations got bail-outs, and executives got bonuses. But the average citizen still had to pay a penalty when they tapped their retirement funds to survive.
