Personal Finance: 401(k) : Avoiding 401(k) Hardship Withdraw Penalties

1,061 views · Published 31 October 2008 · 1:02 · Indexed 30 October 2026

Channel: ehow · 2008 · Howto & Style

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Avoiding hardship withdraw penalties with a 401(k) involves making sure the hardship falls under the IRS guidelines for an emergency financial need, such as funeral expenses, college tuition or to stop the foreclosure or eviction process. Avoid being penalized with a 10 perecnt fee when withdrawing from a 401(k) with tips from an investment professional in this free video on personal finance.

Expert: Phillip Beningoso
Contact: www.wearehdtv.com
Bio: Phillip Beningoso has a bachelor's of arts degree with a major in finance and a minor in economics and computer sciences from Kent State University.
Filmmaker: Christopher Rokosz

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