Normally, hardship withdrawals from a 401k are allowed for only a few specific reasons: medical expenses, tuition, to prevent eviction, etc. Under the federal CARES Act, you can now request a hardship withdrawal for reasons related to COVID19. More information is available here: https://www.fidelity.com/viewpoints/financial-basics/avoiding-401k-loans
Hardship Withdrawals From 401k
by Nancy Hopkins | Apr 27, 2020 | Employee Information | 0 comments