401k Hardship Withdrawal Limits

401k Hardship Withdrawal Limits

BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman & Co. Most 401(k) plans permit hardship withdrawals, though plan sponsors arenโ€™t required to allow them. Currently employees seeking to take money out of their 401(k) accounts are limited to the funds they contributed to the accounts themselves, and only after theyโ€™ve first taken a loan from the same [โ€ฆ]