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emergency withdrawals from 457 plans


Guest JC

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I recently lost a part time job which I relied on to supplement my income. This was sudden and unexpected. Due to this loss I have found myself deep in debt just from living expenses. I applied for an emergency withdrawal from my 457 account. Instead of making a decision my employer sent the application into the plan administrator to ask their opinion and they stated that it wasnt an emergency and that the employer could still authorize it but would be subject to an audit and plan cancellation. My employer then denied my request. Any ideas on how to appeal this decision?

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