figurefive
Junior Member
What is the name of your state (only U.S. law)? I live in TN, employer and 401k is in CA
I want to take an early distribution from my 401k, but the plan administrator says that the plan does not allow for early distributions - just loans and hardship withdrawals.
It seems to me that as long as I am willing to pay the penalties and taxes I should be allowed to make a withdrawal. Are they allowed to restrict distributions this way?
I want to take an early distribution from my 401k, but the plan administrator says that the plan does not allow for early distributions - just loans and hardship withdrawals.
It seems to me that as long as I am willing to pay the penalties and taxes I should be allowed to make a withdrawal. Are they allowed to restrict distributions this way?