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Should You Use This Coronavirus Retirement Loophole Before 2021?

Should You Use This Coronavirus Retirement Loophole Before 2021?

Although Congress has not yet reached an agreement about another stimulus package, many benefits under the CARES Act are still in effect. The CARES Act, which was passed in March of this year, includes several provisions aimed to provide financial relief to U.S. households. Under the CARES Act, though, you can take penalty-free withdrawals of up to $100,000.