With no agreement on a second round of stimulus payments, the IRS made it easier for people to pull money from their retirement plans without a costly penalty. Questions: Who makes up the category of individuals who can tap their retirement plan without penalty, according to the IRS’s new guidance? If an employer allows an… Read more »
Posts Tagged: borrowing
COVID-19 Leads to Borrowing Binge
According to the New York Times, during the pandemic,along with the sharpest economic downturn in history, the solution by most companies has been to take on more debt. Questions: Why does this borrowing binge turn conventional wisdom on its head? Does the article make it sound like there will be many defaults to the Fed… Read more »