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401(k) Hardship Withdrawals Can Be Hard on HR
Society for Human Resource Management [SHRM]
Oct. 22, 2015
"The allowable reasons for hardship withdrawals are not as clear-cut as they might at first seem, HR professionals often learn. For instance, the IRS has said that a withdrawal to purchase a residence for family members excluding the employee isn't allowed, but what do you do when the employee says he's living with his girlfriend and she's about to be evicted?"
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