What are the new rules for 401(k) hardship withdrawals?
Submitted by Madison Planning Group on August 23rd, 2018
What are the new rules for 401(k) hardship withdrawals?
The Bipartisan Budget Act passed in early 2018 relaxed some of the rules governing hardship withdrawals from 401(k)s and similar plans. Not all plans offer hardship withdrawals, but the ones that do will be required to comply for plan years beginning in 2019.