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Can I withdraw money from my 401(k) Plan account while working?

What conditions must I satisfy to receive a hardship distribution from 401k Plan?

What conditions must I satisfy to receive a hardship distribution from 401k Plan? - 401k, 401(k),401k Plan, 401k fund , 401k Guide, retirement,reach retirement, 401k Fund Selection Strategy, advice, invest,stock,stocks,trading, stock market,investing,make money,stock trading,day trading A hardship distribution may only be made for payment of

  • Medical care expenses that previously incurred by you, your spouse or your dependent, or necessary for you, your spouse or you’re dependent to obtain medical care.
  • To purchase principal residence.



  • For education – Tuition, educational fees, and room and board expenses for next twelve months of post-secondary education for you, your spouse or dependent.
  • Amounts necessary to prevent foreclosure on the mortgage of your principal residence.
  • Funeral Expenses - Payments for burial or funeral expenses for the employee's deceased parent, spouse, children or dependents.
  • Principal Residence Repair - expenses for repair of damage to the employee's principal residence that qualifies for the casualty deduction.


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