2/23/2018

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401k Early Withdrawal (Video)

Advantages and Disadvantages

One day, you may find yourself with a need to withdraw money from your 401k plan. An early withdrawal of funds may have it's advantages, as well as disadvantages, and you should be aware of all of the pitfalls and what your options are.

In this episode, we'll discuss the pros and cons of taking an early hardship withdrawal from your 401k plan...should you do it? Also, you'll learn what situations qualify as "hardships" as well as information on how to request a withdrawal from your specific employer. Based upon our five Keys to SHINE™, SHINE TV is an interactive video blog intended to engage, educate, and empower your financial mind.

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