
You might want to hold off on that, said Kristian Finfrock, founder and financial adviser at Retirement Income Strategies. “Although I don’t want her to deplete her savings, I prefer it over the retirement account loan, which has far-reaching consequences in my opinion.” You didn’t specify what type of retirement account you have at work, but if it’s a 401(k), there are a few rules you should know.

President Biden proposes eliminating a loophole that allows wealthy people to pass assets tax free to their children but Republican lawmakers say it will hit middle class Americans.

The Chinese Communist Party marked its centenary with tough talk by Chinese President Xi Jinping. That weighed on stocks in the region.

Amid a record number of job openings, Americans are taking their time looking for work, with only about 10% of job seekers actively searching for a new gig. The survey included both unemployed people and people who have a job. Meanwhile, as businesses say they can’t find enough workers, Republican governors in several states have cut the enhanced unemployment benefits that went into effect when the U.S. was first in the grip of the coronavirus pandemic.
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