401(k) withdrawals Archives

Americans Tap 401(k) Plans After Hurricanes and Natural Disasters

Satellite view of a large hurricane swirling over the Gulf of Mexico, nearing the coastlines of the southern United States, particularly Florida, with visible cloud patterns and the eye of the storm.

Defaults on 401(k) disaster-relief hardship withdrawals trigger income tax plus a 10% penalty explains, Wharton Professor Olivia S. Mitchell via the WSJ.…Read More