Coronavirus relief: We answer your questions about how the CARES Act affects retirement withdrawals and IRAs

The CARES Act, the legislation signed into law by President Trump in March, generated many questions from readers. Below we answer some of them.

Q: You wrote in a recent article that “the law also doubles the amount 401(k) participants can take in loans from an account for the next six months to the lower of $100,000 or 100% of the account balance. IRAs don’t permit loans.”

It seems as if this part of Bill S.3548, speaks to individual retirement account (IRA) loans: