Hardship Withdrawal Rules

Further Insights on the Revised Rules for Retirement Plan Hardship Withdrawals

Fulcrum Partners Deferred Compensation News

Following up our March 12, 2019, blog “Important Changes in the Rules for Hardship Withdrawals from 403(b) Retirement Plans”, we’re sharing these additional insights from Strategic Retirement Partners: Hardship Withdrawals – IRS Issues Proposed Regulation Reflecting Statutory Changes This past November, the IRS issued proposed regulations to effectuate changes made for hardship withdrawals in the Bipartisan Budget Act of 2018. …

Hardship Withdrawal 403b Retirement Plans

Important Changes in the Rules for Hardship Withdrawals from 403(b) Retirement Plans

Fulcrum Partners Deferred Compensation News

Effective January 1, 2019, the rules for hardship withdrawals from many types of retirement plans changed. The changes, which come as a result of revisions to the Tax Cuts and Jobs Act of 2017 and, more specifically, the Bipartisan Budget Act of 2018, generally make it easier for plan participants to withdraw funds from their 401(k) or 403(b) plans, in …