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Retirement tax questions
@TaxGuyBill, you are correct. Hardship distributions from a 401(k) are not eligible rollover distributions, nor are they exempt from early-distribution penalties.
Some 401(k)s might permit in-service distributions of part of the balance in the account before age 59½, but your own 401(k) deferrals cannot be distributed while you are under age 59½ and still employed without taking a hardship distribution.
Some 401(k)s might permit in-service distributions of part of the balance in the account before age 59½, but your own 401(k) deferrals cannot be distributed while you are under age 59½ and still employed without taking a hardship distribution.
May 31, 2019
4:54 PM