Phrases with «hardship withdrawal»

A "hardship withdrawal" refers to taking money out of a savings or investment account before you normally would, typically due to a difficult financial situation or emergency circumstances. Full definition

Sentences with «hardship withdrawal»

  • Some defined contribution plans allow plan participants to take hardship withdrawals from their plans based on financial needs, such as medical or tuition bills or funeral expenses. (quotacy.com)
  • Not all retirement plans allow for hardship withdrawals, and there are often secondary consequences such as losing the ability to continue making contributions. (guidantfinancial.com)
  • In - service withdrawals can be made in the form of hardship withdrawals if the plan allows it. (investopedia.com)
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