I withdrew my entire 401k due to unemployment hardship. Under the section of lowering penalty payments if I select "other" would this be considered a legitimate reason?
I was also asked if I was a public service employee. My 401k came from a private ambulance company, not a government or municipality run service? Do I still qualify as a public service employee?
The table linked below provides a list of all the exceptions allowed by the IRS to the early withdrawal penalties associated with 401(k)s. Unemployment is not one of the exceptions.
