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CARES Allows Access to Retirement Funds, But Look Before You Leap
Yes, the CARES Act made it possible for cash-strapped folks to access the funds in their retirement accounts. To many, that may be a blessed intervention to consider as they try to meet current financial obligations in the wake of the economic devastation wrought by the COVID-19 pandemic. But before making that move, columnist C.J. Marwitz, in a post on thinkadvisor.com, suggests a cautionary approach before exercising this option. Drawing on retirement funds for immediate financial relief, she notes, is “is not an action to be taken lightly.” Read the rationale for her remarks here, along with some thoughts on what needs to be considered in making the decision. Read her post here…
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