CARES Act - Use your retirement funds without penalty. It's your money!
The CARES Act in the US was passed in March and contained various financial tools for qualifying individuals to use. This video covers the expansion and suspension of the rules on withdrawing retirement funds and borrowing from employer plans.
The rules on who can do this and how much are clear. What you should know is that there is no requirement on WHAT you use the money for - that does not matter at all. If you were impacted in one of the ways described and you have a vested amount in a retirement plan you can take that money at any time up until December 31, 2020!
For more information on this topic please check the playlists for this video!