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IRS Expands Eligibility to Tap 401(k) Amid Coronavirus Pandemic – CNBC

IRS Expands Eligibility to Tap 401(k) Amid Coronavirus Pandemic

Millions of Americans are out of work and many are also out of emergency cash. This is leading some to tap their retirement benefits to fill the financial gap. CNBC’s Sharon Epperson reports.

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Tags: 401(k), 403(b), 457(b), and Economic Security Act, beneficiary, CARES Act, Coronavirus Aid, Estate Planning, Financial Planning, IRA, IRA Contribution Limits, Keogh, Relief, Required Minimum Distributions, Retirement Planning, RMD, Roth IRA, Roth IRA Contribution Limits, Roth IRA Income Limits, SECURE Act, SEP IRA, Setting Every Community Up for Retirement Enhancement, SIMPLE IRA, Stretch IRA, Tax Free, Tax Planning, Taxes, Traditional IRA
https://skloff.com/wp-content/uploads/2016/12/401K-sign-with-sky-background-103046216.jpg 669 1077 Aaron Skloff, AIF, CFA, MBA https://skloff.com/wp-content/uploads/2025/10/sfg-8.png Aaron Skloff, AIF, CFA, MBA2020-06-22 12:00:092025-10-10 17:29:50IRS Expands Eligibility to Tap 401(k) Amid Coronavirus Pandemic – CNBC
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