PLEASE CONSIDER SIGNING THIS PETITION...FOLLOW THE LINKS BELOW, FIND YOUR STATE SENATORS AND CONGRESSMEN, WRITE or CALL, ASK THEM TO CREATE AND PASS A BILL ELIMINATING THE 10 PERCENT PENALTY ON EARLY WITHDRAWAL FROM IRA & 401K RETIREMENT FUNDS.

http://www.senate.gov/general/contact_information/senators_cfm.cfm

http://www.house.gov/

Dear US Senators and Congressmen

I am sending this communication to ask the United States Senate and Congress to pass a Bill eliminating the 10 percent penalty for early withdrawal from IRA and 401K plans for all long term unemployed people and anyone showing financial need. As you all are aware, the Bureau of Labor Statistics seize tracking the unemployed once unemployment benefits end, and as a result the Bureaus records are inaccurate, incomplete and do not reflect scores of citizens still unemployed. Many of those unemployed have gone unaccounted for statistically dating back to the 2008 economic downfall. Many of those people worked hard for years trying to save where possible with hope of securing their futures into retirement only to see hard earned savings in 401K and IRA accounts disappear as a result of the economic downturn. While I am certain the Senate and Congress realize record numbers of people loss jobs and homes because assistance afforded to big corporations was not available to mid and low income citizens, Wall Street and the Auto Industry received bail outs, while Main Street folks did not. So here it is five and a half years later and many people are still unemployed and in financial crisis or ruins. Many of the unemployed who were fortunate to have savings in retirement funds, are still trying to help themselves, but face an unfair law that penalizes them for needing to borrow retirement savings in order to stay current with mortgages, rents and other outstanding debt.

So in closing, I am seeking the humanity from the government to pass this bill for the people it has basically ignored to this point. I am asking for once, bail out Main Street by passing a Bill immediately eliminating the 10 percent penalty on early withdrawal from IRA & 401K retirement funds for the long term unemployed and anyone proving financial need.

