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Hardship Withdrawal Request 457(b) Plans Explanation of Unforeseeable Emergency The Treasury Regulations define unforeseeable emergency as a severe financial hardship of the participant or beneficiary

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What is hardship withdrawal request?

A hardship withdrawal request is a request made by an individual to withdraw funds from their retirement account before the age of 59 1/2 due to financial hardship.

Who is required to file hardship withdrawal request?

Individuals who are facing financial hardship and need to access their retirement funds 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 allow individuals to access funds from their retirement account in times of financial need.

What information must be reported on hardship withdrawal request?

Information that may need to be reported on a hardship withdrawal request includes details about the financial hardship, the amount of funds being requested, and any supporting documentation.

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