When may I withdraw my contributions from a 401(k) plan?

Funds usually may be withdrawn without penalty for the following events: Termination of employment Death Disability Plan termination In addition, elective contributions may be withdrawn when the employee has an immediate and heavy financial need and there is a necessity to satisfy such need. Some of these needs include medical expenses, purchase of principal residence, tuition expenses, and payments to prevent foreclosure of principal residence. If you cannot qualify for any of these immediate and heavy financial needs, the plan may allow borrowing according to strict rules.

If you are in need of an estate planning attorney in the following cities in Georgia, contact us. Let us help you with your legal concerns.

Contact Georgia Estate Planning Attorneys