Here's why you shouldn't count on being able to get emergency cash from your 401(k), even if a new law says you can.
Key Points
While the recently passed CARES Act included provisions to make it easier to access your retirement money penalty free for coronavirus-related reasons, it's up to employers whether to implement the legislative changes. "They are actively trying not to [suspend contributions], but their primary concern right now is keeping the company viable," Greenan said.
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