“As people are going through these extremely difficult times, this is a little bit of a fail-safe for them, and it does make it so they’re able to access funds that would have been much more difficult to access,” Treasurer Davis said. “At the same time, these plans are meant for saving for the future and I caution that we’re not doing a knee jerk response and withdrawing funds that we think we’re going to need but don’t necessarily know for sure that we’ll need a large distribution. It’s important to work with your plan administrator to find the best options.”

Delaware News