What is a 401k hardship withdrawal penalty?

Answer A 401k plan is a tax-deferred retirement account that may be offered by your employer to help you save for retirement. Contributions to your 401k account are tax-deductible and the money grows tax-... Read More »

Top Q&A For: What is a 401k hardship withdrawal penalty

SEP and IRA Hardship Withdrawal?

Unlike a 401(k), you are not prohibited from taking a distribution from either a SEP or a traditional IRA at any time. If you run into a difficult situation, you may find yourself using that saving... Read More »

ING Hardship Withdrawal Rules?

An individual retirement arrangement (IRA) is a retirement savings product offered by ING Direct (ING), a global financial institution. ING is one of many financial institutions that offers both tr... Read More »

What is a qualified withdrawal from a Roth 401k?

A Roth 401k is a retirement account that allows you to withdraw money tax free at retirement. In order to be qualified, withdrawals must meet both time in the account and age restrictions.Time Fram... Read More »

IRA Hardship Withdrawal Without Penalties?

An individual retirement account gives taxpayers a way to save for their retirement and defer taxes on the investments. Because of this deferral, there are rules about withdrawing money from an IRA... Read More »