Yes, as your figures show, the unemployed with no other income can find the 401K useful to fund minimal expenses without paying serious taxes.Similarly those over 59-1/2 who are unemployed and have no other income can find penalty free distributions get their money out of the IRA at the lowest tax rate they will ever pay. But better can be to do a Roth conversion instead--to make best use of that very low tax rate. Over 65 can be a bit better due to additional exemption--assuming Soc Sec is not taxable.
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