The pandemic threw many Americans and businesses for a loop, and many people struggled to stay on top of their bills and business expenses. The number of active business owners plummeted by three million from February to April 2020.

To provide people with additional financial options, the federal government approved the CARES Act, which included the CARES Act 401(k) withdrawal option. If you’ve heard about this withdrawal option and you want to learn more about it and how you can use it, continue reading below. This brief CARES Act guide will cover all you need to know about the 401(k) withdrawal option and who you can contact for more information.

Liz Collin talks financial professional Mike Kojonen to get a clearer picture (4:57).
WCCO 4 News At 10 – April 26, 2020
Video Rating: / 5