I have some questions relative to Retirement Distributions under the CARES ACT. I am 56 years old and have had my work hours reduced to part time due to COVID19. I am considering taking a distribution from a 401K that I had with a previous employer to take advantage of the waiver of the 10% early withdrawal penalty and 20% withholding. I will report the distribution on my taxes over the next three years. My goal will be to use the funds for immediate financial needs and then once on my feet again to recontribute my withdrawal distribution back into an eligible retirement account within three years so that effectively there will be no net tax due on the distribution. I have done some research but I don't see any mention of the specific accounts that my original 401k distribution can be rolled into. Since I will need to access the funds immediately can the 401K distribution go directly into the savings account at my bank for easiest access or will it have to be rolled over into either a Traditional or ROTH IRA? Also, the CARES ACT states that the recontribution must be put back into an "eligible" retirement account within 3 years but it's unclear what account that would be. I'm sure there will be more details to come but if you can shed any light on the questions i have at this point it would be greatly appreciated.