Stimulus package allows easier access to retirement accounts

Local News

WTAJ) — The Coronavirus Relief Package will allow Americans easier access to their retirement accounts by raising the 10 percent penalty of withdrawing cash early.

It also will allow Americans to take out larger loans of up to 100,000 dollars with an additional year to repay.

However, financial experts warn that Americans should only put these new allowances to use if it is absolutely necessary.

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