27 Mar, 2020
Withdrawals and Loans from Retirement Accounts for COVID-19 Expenses [Updated March 27, 2020]
Library of Congress. Congressional Research Service
Topoleski, John J.; Myers, Elizabeth A. (Analyst in income security)
From the Document: "The economic repercussions of COVID-19 [coronavirus disease 2019] could reduce Americans' economic security; in response, individuals may view their retirement accounts as a source of funds to help meet current expenses. They may be able to withdraw from their defined contribution (DC) retirement accounts (such as 401(k) plans, 403(b) plans, and the Thrift Savings Plan (TSP)) or from their traditional or Roth Individual Retirement Accounts (IRAs). In addition, DC plans may allow participants to borrow from their accounts."
    Details
  • URL
  • Authors
    Topoleski, John J.
    Myers, Elizabeth A. (Analyst in income security)
  • Publisher
    Library of Congress. Congressional Research Service
  • Report Number
    CRS In Focus, IF11472
  • Date
    27 Mar, 2020
  • Copyright
    Public Domain
  • Retrieved From
    Congressional Research Service: crsreports.congress.gov/
  • Format
    pdf
  • Media Type
    application/pdf
  • Subjects
    Individual retirement accounts
    Coronaviruses
    COVID-19 (Disease)
  • Resource Groups
    Coronavirus Disease (COVID-19)
    Reports (CRS)
  • Series
    COVID 19 Resources

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