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Died: June 20, 2021. BRIGADIER Richard Rothery, who has died aged 86, was a distinguished member of the military, serving in troubled areas that often required sound judgment and diplomatic understanding, especially Northern Ireland. On retiring, he was appointed bursar of The Edinburgh Academy, where he is fondly remembered for his gracious manner and ability to overcome all problems. When he retired in 2000, his achievements at the Academy were recognised by the rector of the time, John Light, who wrote: “The Academy owes Richard and [his wife] Pam Rothery a huge debt of gratitude...

New Legislation Could Allow You to Use 401(k) Money for Emergencies June 3, 2021 The 2020 CARES Act passed in response to the coronavirus pandemic allowed workers to access retirement savings locked up in vehicles like 401(k) plans and individual retirement accounts (IRAs) for pandemic-related emergencies without triggering the 10% levy on early withdrawals. In a rare act of bipartisanship, Sen. James Lankford (R-OK) and Sen. Michael Bennet (D-CO) recently introduced legislation providing for penalty-fee emergency withdrawals from retirement accounts up to $1,000 per year. New data indicate...

It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.

One of the pressing issues the pandemic brought into greater focus is many Americans’ lack of emergency savings.

The bill would encourage retirement plan participation by giving people penalty-free access to funds in the event of an emergency.