Hi All,
New here. About 4 months ago I took out a COVID related 401K hardship withdraw through my employer. It was for $28,000. I took a large pay cut and my wife lost her job. It helped greatly but I worry about the future and would like to take a 2nd withdraw for the amount of $13,000. It pains me to do it, but I want to be better safe than sorry. My question is, is a second withdraw even possible? I understand the max amount is $100,000 and my wife is still out of work and I am still at a lower wage. I also totally understand all the tax repercussions involved in withdrawing the money early.
I plan on talking to my employer about this, but was looking for a little outside input first.
