Money Withdrawing from your 401(k) is a last resort — but CARES Act makes it less risky December 10, 2020December 10, 2020 Susan Tompor, Detroit Free Press Comments Off on Withdrawing from your 401(k) is a last resort — but CARES Act makes it less risky As the pandemic continued in 2020, some people tapped into their 401(k)s more than once this year to deal with emergencies. Why Dec. 30 is a key date.