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 401(k)s
401(k) early withdrawals can hurt retirement savings. Learn risks, tax penalties, and strategies to reduce early 401(k) withdrawals.
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 401(k) plans and 403(b) 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 problem of 401(k) leakage continues to confound, robbing participants of asset accumulation and appreciation and the potential for a secure retirement.
IRS Streamlines 401(k) Rules for Hurricane Victims
In what is increasingly a pattern following weather-related natural disasters, the Internal Revenue Service announced that 401(k) plans…