RETIREMENT SAVINGS

Need 401(k) money now?

Hardship withdrawal rules, taxes and better options

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01

7 reasons

IRS safe harbor list

Medical bills, eviction, funeral costs, tuition and more.

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02

10%

Extra tax under 59½

Plus regular income tax, unless an exception applies.

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03

No

You cannot pay it back

Hardship money is gone for good from your retirement.

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04

$1,000

Emergency withdrawal

No 10% extra tax, and you can repay it within 3 years.

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05

$50,000

Max 401(k) loan

Or 50% of your vested balance. Often cheaper than a withdrawal.

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Know before you withdraw

Full rules, tax math and options

Read the full guide

nexgenheadlines.com

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