Daily Money - The Big Coronavirus Credit Squeeze

TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

RETIRE WITH MONEY COMMUNITY INSIGHTS

This week in our Retire with Money Facebook group, members discussed an announcement last week by the Federal Reserve that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts. Previously, account holders were limited to six such transfers per month. This limit was tied to reserve requirements that the Fed lifted last month to help keep money flowing during the pandemic. I had known about the six-transfer limit, but I thought it was a bank-level rule--I hadn't been aware that it was from the Fed. As a member said, learn something new every day!

John Krasinski Holds a Virtual Potluck With Martha Stewart & Friends

Learn how to mix a "quarantini" in the latest episode of Some Good News.  YOUTUBE

Opinion: It's Likely You Own Too Little Stock in Your Portfolio

Most people have a robust "bond" portfolio in the form of Social Security, so you shouldn't be too conservative with your stock allocation. MARKETWATCH

'Over the Counter' Doesn't Mean It's Safe for You

A doctor explains what you need to know about dosing and possible drug interactions with over-the-counter drugs. NEXT AVENUE

Here's How the Coronavirus Is Threatening Municipal Bonds

The cost of fighting the pandemic is expected to increase state and local budget shortfalls.  CNBC

Elizabeth O'Brien is deputy editor at MONEY. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.