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Borrowing from yourself during the pandemic
Jun 22, 2020

Borrowing from yourself during the pandemic

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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.

Segments From this episode

More people are eligible to tap retirement savings without penalty

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.
Pixabay

Why the U.S. government would sell bonds that don't need to be paid back

It could help the federal government deal with the debt mountain it's amassing from COVID-19 spending.
Long-term bonds would help the Treasury borrow while locking in the current low interest rates.
Alastair Pike/AFP via Getty Images

Music from the episode

The team

Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Brian Allison Engineer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Rose Conlon Producer
Alex Schroeder Producer