RETIREMENT SAVINGS
Hardship withdrawal rules, taxes and better options
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01
IRS safe harbor list
Medical bills, eviction, funeral costs, tuition and more.
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02
Extra tax under 59½
Plus regular income tax, unless an exception applies.
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03
You cannot pay it back
Hardship money is gone for good from your retirement.
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04
Emergency withdrawal
No 10% extra tax, and you can repay it within 3 years.
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05
Max 401(k) loan
Or 50% of your vested balance. Often cheaper than a withdrawal.
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Know before you withdraw
Read the full guide
nexgenheadlines.com
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