401(k) Loans, Hardships, and Distributions

What is the difference between taking a loan and a withdrawal?
401(k) withdrawals: The primary purpose of the 401(k) Plan is to save for your future. In return for the tax advantages of the Plan, federal law restricts ...
Thu, 22 Aug, 2024 at 1:14 PM
Is it a good idea to borrow money from my 401(k)?
Borrowing from your 401(k) might be the right decision in certain circumstances. Taking a 401(k) loan to pay off high-interest debt, like credit cards, coul...
Thu, 22 Aug, 2024 at 1:14 PM
What is a hardship withdrawal and what are the eligibility requirements?
If you are actively employed and do not meet one of the other requirements for a withdrawal, you may request a withdrawal if you have a financial hardship, ...
Thu, 22 Aug, 2024 at 1:15 PM
What are my alternatives if I need money but decide not to take a loan or hardship withdrawal from my 401(k) Plan?
Consider these alternatives: Withdraw from your emergency savings Take money from your checking, savings, or non-retirement investment accounts Take a h...
Thu, 22 Aug, 2024 at 1:16 PM
Who can I talk to about the best way to withdraw my assets from the Plan at retirement?
HCA Healthcare provides expert support for colleagues near or at retirement who would like information on benefit distribution and rollover options.  You ma...
Thu, 6 Jan, 2022 at 3:08 PM
How do the Required Minimum Distribution (RMD) rules work?
If you reach age 72 in 2023, the required beginning date for your first RMD is April 1, 2025, for 2024. However, you do not have to take required minimum di...
Thu, 22 Aug, 2024 at 1:19 PM