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Wednesday, May 20, 2020

The Daily Money: What NOT to do with your 401(k)

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Wednesday, May 20

Happy Wednesday, money readers. It's David here. Let's run through our top stories.

It's become pivot or perish for many small businesses that once depended on gatherings to make money in the pre-coronavirus era. In Milwaukee, smaller companies are selling care packages and offering virtual events to survive COVID-19.

Another retailer is fading during COVID-19. Pier 1 Imports, which previously said it would close half of its fleet of stores, now plans to close all of its locations because of the pandemic.

Will I lose it if I don't use it? The IRS and the coronavirus relief act give employees more options so they don't lose unspent money in flexible spending accounts.

For more money and tech news, keep scrolling down.

David Brinkerhoff, Deputy Money Editor

Theresa Nemetz, founder and chief experience officer of Milwaukee Food & City Tours, carries boxes of care packages on Thursday. Milwaukee Food & City Tours can't load up buses of strangers to take them on a tour of Milwaukee, so it's created care packages with local items that can be delivered to customers' doors.
For small businesses, it's pivot or perish during COVID-19
Businesses that are based around gathering people together for a tour, a game, travel or a conference are finding new ways to earn during COVID-19.
Pier 1 Imports to close all stores nationwide
Pier 1 Imports
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Uber Eats adds cash-saving 'Family Style Meals'
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