If depleting your 401K while unemployed , any hardship criteria to offset taxes and penalties for early WD ?
Posted January 28th, 2009 by admin 3 Comments »
nikkisdaddyo2000 asked:
In order to avoid bankruptcy, during a 9 month period of unemployment, It was necessary to take early distribution monthly from 401K for income. Are there any hardship provisions for this type of “forced” early distribution?
In order to avoid bankruptcy, during a 9 month period of unemployment, It was necessary to take early distribution monthly from 401K for income. Are there any hardship provisions for this type of “forced” early distribution?