• The CARES Act made it easier for millions of US workers to withdraw or borrow money from their retirement plans, but most of them now regret it

    10 days ago - By Business Insider

    Summary List Placement
    Since the coronavirus pandemic began, millions of Americans have borrowed or withdrawn money from their retirement plans.
    The CARES Act made it easier for savers to access money from retirement accounts, removing the 10% penalty during the pandemic.
    But 55% of borrowers who took money from their accounts wish they hadn't, according to data from Edelman Financial Engines .
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    During the coronavirus pandemic, millions of Americans have lost incomes and work .
    As people initially...
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