401k Hardship Withdrawal?

Answer

If you have a 401k, you should not plan to withdraw money from the account until you are of retirement age. There are some instances, however, where you can make a withdrawal. 401k hardship withdrawals are still subject to the 10% penalty imposed by the government and taxes that must be paid on the money removed from the account. Read the fine print on your prospectus to see what qualifies as a hardship such as money for a new home, money to be used for higher education, money needed to a funeral or burial, and money needed to prevent an eviction or foreclosure on a home.
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If you've got a financial emergency, a 401(k) hardship withdrawal may be your only choice to resolve it. If you need to make a 401(k) hardship withdrawal, check ...
If you've got a financial emergency, a 401(k) hardship withdrawal may be your only choice to resolve it. If you need to make a 401(k) hardship withdrawal, check ...
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