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hardship withdrawal

Removing money from a retirement account such as a 401(k) or 403B earlier than expected due to a hardship. Individuals that remove funds early are subject to taxation and penalties enforced by the Internal Revenue Service.

Related information about hardship withdrawal:
  1. Retirement Plans FAQs regarding Hardship Distributions
    Aug 15, 2012 ... Retirement Plans FAQs regarding Hardship Distributions. These frequently asked questions and answers provide general information and ...
     
  2. Hardship Withdrawals
    If you are considering taking a hardship withdrawal from your workplace savings account, be sure to understand the advantages and disadvantages outlined ...
     
  3. Hardship Withdrawals Give Access to Your 401k Savings, But at a ...
    It is safe to say that hardship withdrawal information is one of the most sought after items on this website. And that has some financial and retirement industry ...
     
  4. 401(k) Hardship Withdrawal Rules
    401(k) Hardship Withdrawal Rules | Many 401(k) plans allow you to make a hardship withdrawal, if you meet the strict definition of a hardship. You have to ...
     
  5. Hardship Withdrawal Definition | Investopedia
    An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In the United States, funds withdrawn prior to the age of ...
     
  6. 401k Hardship Withdrawal
    This article provides information on 401k hardship withdrawals, including definitions, acceptable use of the money, as well as safe harbor provisions.
     
  7. 401(k) Hardship Withdrawals—Understand the Tax Bite and Long ...
    If you need to rebuild after Hurricane Sandy, you may have thought about tapping your 401(k) for a loan, or even a hardship withdrawal. To better understand ...
     
  8. Financial Hardship In-Service Withdrawals - Thrift Savings Plan
    You are limited to only one financial hardship withdrawal in a 6-month period. ... Your financial hardship withdrawal is subject to Federal income tax and, ...