Are you facing unforeseen financial hardship and need immediate access to your retirement funds? Our comprehensive 401k hardship withdrawal letter sample can guide you through the process seamlessly. With our expert-crafted template, you can articulate your situation effectively to your plan administrator and increase your chances of approval.
Reason for Hardship | Supporting Documentation |
---|---|
Medical expenses | Hospital bills, doctor's notes |
Mortgage or rent payments | Mortgage statement, eviction notice |
College tuition and fees | Tuition bills, acceptance letters |
Funeral expenses | Funeral home contracts |
401k Withdrawal Amount | Impact on Future Savings |
---|---|
$5,000 | Reduced retirement income by $2,000 over 30 years, assuming a 5% return |
$10,000 | Reduced retirement income by $4,000 over 30 years, assuming a 5% return |
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