Apr 8, 2020

Emergency funds from your 401(k)

Those affected by the coronavirus can draw funds from retirement savings without penalty now. Justin Sullivan/Getty Images

New rules on tax-protected retirement plans, so people can take their money out without penalty and put it back when cash flow returns. TJX the latest retailer to trigger mass furloughs. Slow ramp-ups for Chinese cities after lockdowns.

Segments From this episode

COVID-19

Americans can now tap 401(k)s without penalty. Here's how it works.

by David Brancaccio , Chris Farrell , Erika Soderstrom and Alex Schroeder

Apr 8, 2020

People affected by the crisis can access of up to $100,000 of their retirement savings without the usual 10% penalty.

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Music from the episode

The Lower We Fly Outside

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

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