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Showing results for tags 'Fund House Say This!'.
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Perhaps I missed a change in the law. Received a letter from a representative of a major "fund house" which says: "If the plan allows for In-service Distributions and the person is over age 59 1/2, we will have to follow the IRS guidelines and process as an In-service Distribution rather then a Hardship; meaning the mandatory 20% federal withholding would apply." I missed something because I know of no IRS guideline that says there is a maximum age for Hardships, or a guideline that says a post 59 1/2 Distribution must be an In-Service Distributions, not a Hardship. So funeral expenses for a spouse of such person would not be qualified as a Hardship???? Is this right? If it is, please identify where I might find these IRS guidelines.