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Tuesday, May 22, 2018, 7:12 a.m.

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Early tapping of 401(K) is new fallback

Moving in the opposite direction is House Ways and Means Committee Chairman Dave Camp, a Michigan Republican. In his 2014 draft plan to revamp the U.S. tax code, Camp proposed repealing the penalty exceptions for higher education and first-time home purchases, contending that the changes would encourage Americans not to tap their retirement accounts early.

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