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New Member
posted Feb 3, 2022 5:42:54 PM

IS COVID PANDEMIC CONSIDERED A QUALIFIED DISASTER FOR WITHDRAWL OF 401K?

I WITHDREW MY 401K THIS PAST JULY DUE TO LOSING MY JOB IN 2020 AND GOING THROUGH ALL OF MY SAVINGS.

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1 Replies
Expert Alumni
Feb 5, 2022 8:17:23 PM

The Covid pandemic is no longer considered a qualified disaster for withdrawal of 401K funds.  The disaster designation expired on July 25, 2021.  You would have to withdrawn your funds before this date to qualify.