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401k cash out after job loss for hardship
Pam Shoup reacted to ETA Consulting LLC for a topic
A "HARDSHIP" is only a means of receiving a distribution from the plan when one would not otherwise be available. ALL distributions are going to be taxable to you. Hardship doesn't impact the taxes; it only makes the distribution permissible when it otherwise would not have been. In your case, you didn't need a hardship because you were already eligible for a distribution; you had a severance of employment. Good Luck!1 point
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