Possible Relief from the Lingering Pandemic of 2020

When planning how to finance a large purchase before age 59-½, it is common to consider the idea of taking a loan from a 401(k) or taking an early distribution from a retirement account. Taking money from your retirement funds is not a decision that should ever be taken lightly, and it can come with undesirable consequences when it comes time to do your taxes or when it comes time to retire. But the Coronavirus Aid, Relief and Economic Security (CARES) Act has allocated $2 trillion for economic relief and stimulus, including provisions to make it easier and more sensible for some to access their retirement funds if necessary without penalty.
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