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  2. The IRS demands that the 401(k) withdrawal is the last resort. ... Instead of a 401(k) hardship withdrawal, ... follow the retirement account’s rules scrupulously and minimize any taxes and ...

  3. 401(k) Hardship Withdrawals: What You Need To Know - AOL

    www.aol.com/finance/401-k-hardship-withdrawals...

    A 401(k) hardship withdrawal is the process of accessing funds in your workplace 401(k) account before retirement age (currently age 59 ½). While there are typically penalties for withdrawing ...

  4. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    Taxes on traditional 401(k) withdrawals. With a traditional 401(k), contributions to your retirement account are tax-deferred. In other words, taxes you owe are delayed to a later time — in this ...

  5. How To Withdraw Money From Your 401(k) - AOL

    www.aol.com/withdraw-money-401-k-180046714.html

    You can usually make a 401(k) withdrawal with no tax penalty at age 59 ½. If you leave your job during or after the year you turn 55 you can withdraw from your 401(k) immediately without penalty.

  6. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

    www.aol.com/finance/8-ways-penalty-free...

    Some hardship situations qualify for a penalty exemption from an IRA or a 401(k) plan, but note that penalty-free does not mean tax-free: Withdrawals from traditional IRA and 401(k) plans made ...

  7. How to withdraw money from a 401(k) early - AOL

    www.aol.com/finance/withdraw-money-401-k-early...

    In addition, IRS rules state that you can only withdraw what you need to cover your hardship situation, though the total amount requested “may include any amounts necessary to pay federal, state ...

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