For calendar year 2020, there are no required minimum distributions from IRAs or workplace retirement savings plans.
You can also borrow twice the usual amount from your 401(k) or other workplace savings plan. So, for 180 days, you can take out a loan up to $100,000, and the restriction against taking out more than half your balance is suspended. You can also withdraw up to $100,000 this year without incurring the 10-percent penalty.
You will have to show that your hardship is related to the coronavirus pandemic. You can qualify if you, your spouse, or a dependent tested positive or if you experienced a negative economic consequence stemming from this emergency.