401(k) Plan Distribution Requirements

Distributions from a 401(k) plan are allowed only for the following events:

• Termination of employment—with rollover into another plan
• Retirement (age 59½ for most plans)
• Certain hardships (such as medical expenses or college tuition). Significant restrictions and/or penalties may be imposed on hardship withdrawals prior to age 59½.
• Death or disability

As with any account into which you put your money, your company's plan rules may have additional restrictions. Be sure to study your plan carefully and ask questions.

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