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401K Early Withdrawal
Exceptions To The Rules



Generally speaking, there are exceptions

given for a 401k early withdrawal which are for "immediate and heavy financial need" such as:

  • Medical care expenses that have been incurred by the employee or his dependents.
  • Costs for the principal residence purchase, excluding mortgage payments. (However your specific 401k may have special rules on this. If you want to purchase a home with your 401k, you can look at rolling over the funds into an IRA. The IRS says that an IRA may possibly allow home purchase assistance. Publication 590.)
  • Tuition and educational fees, including room and board expenses for 12 months of postsecondary education for you or your dependents.
  • Funds necessary to prevent eviction of your principal residence.
  • Funeral expenses.
  • Expenses necessary to repair damage of your principal residence.

Annuity Options

There could be further options, such as putting your funds into an annuity...

You can defer your annuity and grow it for a large retirement nest egg...

Or, you can get an immediate annuity to provide steady monthly income in the near future...

Let our retirement financial advisor review your situation and let you know your options...

Get a free annuity quote - let us help guide you through the options to make the best choices for you!

Or, get a free consultation from a Certified Financial Planner to go over your plans to help you make the



best decision for your needs. 

"You'll be glad you did the right thing."



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