1. Congress may let you take $100,000 from your 401(k)

    Congress may let you take $100,000 from your 401(k)

    You may soon be able to withdraw up to $100,000 from your 401(k) retirement plan amid the coronavirus outbreak.

    Just make sure you read the fine print before you jump in.

    The Senate is currently negotiating over a package of COVID-19 stimulus measures, one of which allows savers to take emergency withdrawals – known as hardship distributions – of up to $100,000 from their retirement plans.

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