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Many applauded the recent CARES Act retirement provisions allowing employers to let employees borrow or withdraw more from their retirement plans. But others were, if not alarmed by workers going for the gusto and grabbing their funds, concerned.

Did offering the ability to take more loans require (morally or otherwise) an employer to provide some information about potential consequences? Would employees be hurting themselves more by taking advantage of the provisions? Would plans be drained by summer?

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C.J. Marwitz, editor, BenefitsPRO

C.J. Marwitz, editor, writes and acquires content for the retirement advisor/plan sponsor audience at BenefitsPRO. Marwitz also considers contributed bylines on 401(k)s, pensions, financials with a DE&I focus, litigation, regulation, best practices and op-eds.  A former technology editor, advertising copywriter, and academic advisor, Marwitz is the mother of three and walker/stick-thrower to a Welsh Corgi named Leeloo Dallas Multipass.

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