Browsing Tag
401(k) Hardship Withdrawal
38 posts
How to Resist 401(k) Hardship Withdrawals
Just because 401(k) plan participants can easily take a hardship withdrawal today doesn’t mean they should, of course.…
Adopted as Proposed: IRS Finalizes 401k Hardship Distribution Regulations
401k participants who experience “an immediate and heavy financial need” will be allowed to access funds from their…
How to Reduce Early Withdrawals from 401ks
Most retirement professionals do their best to discourage people from taking early withdrawals, but occasionally, circumstances arise where…
Furloughed Federal Workers Pull Funds from Retirement Accounts
“Growing numbers of federal workers have been tapping their retirement funds in a sign of how the government…
401k Hardship Withdrawals May Be Less of a Hardship
Hardship withdrawals from 401k plans and 403b plans may be more accessible to some plan participants due to…
An Unintended Consequence of Tax Reform on 401k Hardship Withdrawals?
Sometimes when new tax laws, such as the recent Tax Cuts and Jobs Act (TCJA), are enacted, there…
Is Retirement Plan Leakage Finally Drying Up?
The high-profile problem of 401k leakage continues to confound, robbing participants of asset accumulation and appreciation and the…
IRS Streamlines 401k Rules for Hurricane Victims
In what is increasingly a pattern following weather-related natural disasters, the Internal Revenue Service announced that 401(k) plans…