The Small Business Administration says it has forgiven more than $100 billion in Paycheck Protection Program loans to 1.1 million borrowers.

About 30% of Americans have withdrawn money from a retirement account since the start of the coronavirus pandemic, while almost the same percentage said they have taken a retirement plan loan, according to a survey from Kiplinger's Personal Finance magazine and Personal Capital. Of those who withdrew money, roughly a third said they took out at least $75,000, while more than half of those taking out a loan tapped at least $50,000.

While many people hope to retire in their 60s or even 50s, it may make sense to wait until age 70, Maurie Backman writes. Reasons include longer life expectancies, higher Social Security benefits and more time to save.

For FPA's 2021 President Skip Schweiss, CFP®, AIF®, the immediate future poses unique challenges and significant opportunities for FPA to advance financial planning so it will "really be considered as a true profession." In this wide-ranging interview, Schweiss discusses FPA's near- and long-term advocacy goals, the pandemic's impact and the OneFPA Network assessment, among other key topics. The full video of the interview is available here and here.

Retirees and their financial advisors should keep their eyes on a few issues in 2021, says Vanguard's Maria Bruno. Among them are the return of required minimum distributions, taxes and withdrawal strategies.

Anne-Marie Vandenberg, president and chief operating officer of RREEF Property Trust, has been appointed chair-elect for 2021 at the Institute for Portfolio Alternatives. "Anne-Marie's long-standing reputation as an established industry leader with deep industry expertise will be indispensable as we look toward a broad recovery into 2021 and beyond," IPA President and CEO Anthony Chereso says.

JLL Income Property Trust has paid about $70 million for a 240-unit apartment community in Suwanee, Ga. The transaction's umbrella partnership REIT structure was "attractive to the sellers, who chose to contribute this property in exchange for interests in our fund, rather than selling for cash," President and CEO Allan Swaringen says.

Carter Multifamily has paid $46.4 million for an apartment community in Byram, Miss., that has 392 units across 33 acres. The company plans to renovate the property, bolster amenities and adopt property-management standards as part of a value-add strategy.

Development has begun for the $75 million final phase of a housing community in Wylie, Texas, that Megatel Homes is building. The phase contains 215 single-family homes and is due for completion in June.

Improving retirement security will be a key objective this legislative session for House Ways and Means Committee Chairman Richard Neal, D-Mass. Lawmakers must do "more to help American families, especially minority families, have a secure and dignified retirement," Neal said.