Sandy Relief – Hardships and Loans from Retirement Plans
November 19, 2012 at 6:41 pm Leave a comment
Not surprisingly, the IRS announced Sandy relief. Located on their website at http://www.irs.gov/pub/irs-drop/a-12-44.pdf, the IRS details the available relief. Participants in a qualified 401(k), 403(b) or 457(b) plan may be eligible. Participants will need to live or work in the affected zone. Expenses incurred must be from Hurricane Sandy.
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Entry filed under: Retirement. Tags: 401(k), 403(b), 457, 457b, distributions, hardship, hurricane, loans, participant, pension, plan, plans, profit sharing, relief, retirement, Sandy, superstorm, withdrawals.
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