401k Distributions

/Tag: 401k Distributions

Protect Your 401(k)

Though some employers may not think so, the truth is that in today's world 401(k) plans are subject to fraudulent activity and that the often-overlooked retirement plan can be the perfect place for it to occur. For example, in late 2017, several news outlets reported a scheme targeting individual 401(k) accounts.

2019-05-21T10:54:56-05:00May 17th, 2019|Categories: Newsletters/Bulletins|Tags: , , , , , , |Comments Off on Protect Your 401(k)

Hardships Get a Little Easier

Earlier this year, the Bipartisan Budget Act of 2018 was passed by Congress and signed into law. While this law made several changes that impact retirement plans, one provision changing the rules around hardship distributions is particularly notable.

2018-11-12T12:03:47-05:00November 12th, 2018|Categories: Newsletters/Bulletins|Tags: , , , , , , |Comments Off on Hardships Get a Little Easier

What to know about Plan Hardship Withdrawal Rules

Times can get tough for people. With the onset of Hurricane Harvey having decimated parts of the Gulf Coast and Hurricane Irma following its destructive lead, we are reminded that at any point we may find ourselves in hardship. Companies make layoffs, natural disasters occur, emergencies… well, emerge. With nowhere else to turn, some will look to their 401k for their own disaster relief. A withdrawal in the form of a "hardship distribution" is one of the tools that participants may use in this situation.

2018-02-01T15:13:06-05:00September 18th, 2017|Categories: Newsletters/Bulletins|Tags: , , , , , |Comments Off on What to know about Plan Hardship Withdrawal Rules