Here's how many people withdrew $100,000 from their 401(k) accounts due to coronavirus
July 27, 2020 at 15:57 PM EDT
The CARES Act made it easier for distressed households to take withdrawals from their retirement accounts. Of the people who drew down from their 401(k) plans at work, 4% took the maximum, or $100,000, according to data from Vanguard.
