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HARDSHIP APPEAL WITHDRAWAL REQUEST Case No. 1401 Current Biweekly Deferral Current Account Balance Requested Withdrawal Amount Financial Emergency/Unforeseen Event $$039,160.12 (plus $20,443 in loans

How to fill out hardship withdrawal request

How to fill out a hardship withdrawal request:

1. Contact your financial institution or employer: Begin by reaching out to the institution or employer that manages your retirement savings plan. They will provide you with the necessary paperwork and guidance on how to fill out the hardship withdrawal request form.
2. Get a copy of the hardship withdrawal request form: Obtain a copy of the specific form required for requesting a hardship withdrawal. This can usually be obtained directly from your financial institution or employer's HR department. Make sure to carefully read and understand the instructions mentioned on the form.
3. Fill in personal information: Start by filling in your personal information, including your full name, address, contact number, and Social Security number. Ensure that all the information provided is accurate and up to date.
4. Specify the reason for hardship withdrawal: Indicate the specific reason for your hardship withdrawal request. Common reasons can include medical expenses, tuition fees, purchasing a primary residence, or preventing eviction or foreclosure. Be prepared to provide supporting documentation or evidence related to your stated hardship.
5. Provide financial information: You may be required to provide financial information, such as your total account balance, contributions made, and other relevant details. This information is essential for determining the amount you are eligible to withdraw as a hardship distribution.
6. Seek advice if necessary: If you are unsure about any aspect of the form or need further clarification, consider seeking advice from a financial advisor or reaching out to your employer's HR department. They can provide valuable guidance to ensure you complete the form accurately.
7. Review and sign the form: Once you have filled out all the necessary information, carefully review the form to ensure all the details are accurate and complete. Then, sign and date the form as required.

Who needs a hardship withdrawal request?

A hardship withdrawal request is needed by individuals who are facing financial difficulties and require access to their retirement savings before reaching the eligible retirement age. This request allows them to withdraw a portion of their retirement funds based on specific financial hardships, as defined by their retirement savings plan. Examples of individuals who may require a hardship withdrawal include those facing sudden medical expenses, significant educational costs, preventing eviction or foreclosure, or incurring other exceptional financial circumstances outlined by the retirement plan. It is important to note that eligibility criteria and conditions may vary depending on the retirement savings plan or financial institution managing the account.

For pdfFiller’s FAQs

What is hardship withdrawal request?

A hardship withdrawal request is a formal application to withdraw funds from a retirement account due to financial difficulties.

Who is required to file hardship withdrawal request?

Individuals who are facing financial hardships and need to access funds from their retirement account may be required to file a hardship withdrawal request.

How to fill out hardship withdrawal request?

To fill out a hardship withdrawal request, individuals typically need to provide information about their financial situation, the reason for the withdrawal, and any supporting documentation.

What is the purpose of hardship withdrawal request?

The purpose of a hardship withdrawal request is to provide individuals with access to funds from their retirement account in cases of financial hardship or emergencies.

What information must be reported on hardship withdrawal request?

Information such as the reason for the withdrawal, the amount requested, financial documentation, and any other required details must be reported on a hardship withdrawal request.

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