Valid reasons for a hardship withdrawal from a 403(b) retirement plan include medical expenses, education expenses, funeral expenses, purchase of a primary home, repairs to a primary home or payments to prevent eviction ... More »

The U.S. Internal Revenue Service describes 403(b) retirement plans as plans that allow an employee to defer a percentage of his pre-tax income into an account where taxes remain deferred until distribution. These plans ... More »

The rules for withdrawing money from a 403(b) tax-deferred retirement plan vary by plan, but some allow for a hardship withdrawal or loans, according to the Internal Revenue Service. Plans may also allow withdrawals when... More »

To make a withdrawal from a 401(k) retirement plan, borrowers must contact the human resource office of the employer or the investment company hosting the plan, complete a withdrawal form and provide reasons for the with... More »

Some reasons people make early withdrawals from their IRAs include disability, death of the IRA owner, medical expenses, purchase of a first home, costs of higher education, active military duty, payment of health insura... More » Business & Finance Financial Planning

The costs of an early withdrawal from a 401(k) retirement plan are a standard income tax and a 10 percent penalty tax on the entire amount withdrawn, reports the IRS. The 10 percent penalty tax is waived if the early dis... More » Business & Finance Financial Planning

The 401(k) hardship rule gives employees in financial need the option to request an early withdrawal from their 401(k) accounts before the appropriate retirement age for reasons of financial hardship, such as pending evi... More » Business & Finance Financial Planning