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Safe Harbor Hardship Distribution - purchase of principal residence


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Guest bogart126
Posted

A participant wants to know if the purchase of prinicipal residence qualifies as a hardship if she is using the proceeds to 'buy out' the equity on her current home from her ex-spouse?

Guest PAL100759
Posted

Our company would permit it if the participant provided documentation (for example a divorce agreement with the buy-out amount and timing stated).

PAL

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