The Senate's stimulus bill included breaks for retirees. Here's what to know about 401(k) loans, required minimum distributions and “hardship withdrawals.”
The Senate’s $2 trillion coronavirus-relief bill that passed Wednesday night includes breaks for Americans whose retirement accounts have been battered by the stock-market meltdown.
The House of Representatives is expected to pass the package on Friday. Treasury Secretary Steven Mnuchin said President Trump would sign the package as it was written Wednesday.
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