Need $1,000 for an Emergency? Now It’s Easier to Tap Your IRA or 401(k)

The IRS has made it easier for people to withdraw up to $1,000 annually from their retirement account in case of emergency. Wall Street Journal personal-finance reporter Ashlea Ebleing joins host J.R. Whalen to discuss the fine print, including what qualifies as an emergency, and the tax implications involved. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices