The IRS is making more families eligible to borrow from their retirement accounts without penalty. American Airlines has been forced to raise another $3.5 billion. Why the U.S. government would sell bonds that don’t need to be paid back.
The big change: If your spouse’s job has been hit by COVID-19 you may be eligible to pull as much as $100,000 from retirement savings — penalty-free.
It could help the federal government deal with the debt mountain it’s amassing from COVID-19 spending.
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