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  2. Thrift Savings Plan - Wikipedia

    en.wikipedia.org/wiki/Thrift_Savings_Plan

    Employees may make either an "age-based" withdrawal or a "financial hardship" withdrawal. The minimum withdrawal amount is $1,000 (or the account balance, if smaller). For married FERS employees and uniformed service members the spouse must consent to the withdrawal; for married CSRS employees the spouse need only be notified.

  3. Should you use retirement savings to pay off debt? - AOL

    www.aol.com/finance/retirement-savings-pay-off...

    While withdrawals from a 401(k) or traditional IRA before age 59 ½ are generally subject to a 10 percent early withdrawal penalty, there are certain circumstances where the penalty can be avoided.

  4. More Americans tapped their retirement savings early as their ...

    www.aol.com/finance/more-americans-tapped...

    An additional 3.2% of participants took an in-service withdrawal — if their plan permitted it — up from 2.7% from a year ago. For in-service raids, no hardship was required as a motive.

  5. A new law lets you pull $1,000 from your retirement fund for ...

    www.aol.com/finance/now-tap-retirement-account-1...

    In the case of a 401(k), they do need to self-certify with their employer that the withdrawal is for an emergency. The change comes as an increasing number of Americans are making hardship ...

  6. Americans Are 3x Likelier to Take a Hardship Withdrawal ... - AOL

    www.aol.com/finance/americans-3x-likelier...

    Americans are, in growing numbers, relying on their retirement accounts to pay the bills. More specifically, hardship withdrawals from 401(k) and related plans are up. This is shown as a result of ...

  7. 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 ...

  8. Many workers have only their retirement savings for ... - AOL

    www.aol.com/finance/many-workers-only-retirement...

    Depending on the reason for the withdrawal, some workers may have to pay a 10% tax if they’re younger than 59 ½. A 401(k) loan , on the other hand, must be repaid to the employee’s account ...

  9. AOL Mail

    mail.aol.com

    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!