Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
New Hardship Withdrawal Rules Effective in 2019
Frenkel Benefits June 19, 2018
"The new rules ... seem intended to make it easier for participants to take premature distributions from plan while eliminating some of the consequences.... Increased distributions mean more money will be subject to full taxation and the 10% early distribution penalty. Also, increased hardship distributions do nothing to help you accumulate the cash you need to fund your retirement income which, after all, is what these plans are all about."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |