New Relief for 401(k) Hardship Withdrawals


If you need a significant sum of money and don’t expect to have the means to repay it, one option that may be available is a hardship withdrawal from your 401(k) at your current employer. This is not the same as a 401(k) loan and comes with a long list of detailed rules.


The good news: The Bipartisan Budget Act passed in January 2018 issued new rules that will make it easier to withdraw a larger amount as a hardship…



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