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Thursday 6 August 2020

The Daily Money: Careful with these COVID-19 retirement changes

07:24

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usatoday.com

The Daily Money
 
Thursday, August 6

Happy Thursday, Daily Money readers! It's Brett Molina here to fill your inbox with the biggest Money and Tech headlines on Friday Eve.

Many of us know the CARES Act for delivering stimulus checks and a boost to unemployment benefits, but a lesser known change the law introduced focuses on withdrawals from retirement accounts. Here's what has changed this year, and what you can do to avoid costly mistakes.

As states wrestle with reopening or reclosing businesses amid the pandemic, economists appear uncertain whether the economy added or lost jobs during July. While monthly employment figures surged in May or June, it's likely we'll see either more modest gains or even a loss.

Finally, a reminder from the Centers for Disease Control and Prevention: do not drink hand sanitizer.

Want more headlines? Keep scrolling.

Brett Molina, Money/Tech editor

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