The CARES Act in the US was passed in March and contained various financial tools for qualifying individuals to use. This video covers the expansion and suspension of the rules on withdrawing retirement funds and borrowing from employer plans.
The rules on who can do this and how much are clear. What you should know is that there is no requirement on WHAT you use the money for - that does not matter at all. If you were impacted in one of the ways described and you have a vested amount in a retirement plan you can take that money at any time up until December 31, 2020!
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Watch video CARES Act - Use your retirement funds without penalty. It's your money! online, duration hours minute second in high quality that is uploaded to the channel FinelyRevealed 28 August 2020. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 9,055 times and liked it 212 visitors.