You probably had great intentions for your 401k. Maybe you had maxed out your contributions and were looking forward to the day when you could withdraw your funds and spend your retirement in comfort, if not in luxury. Well, life happens, doesn’t it? Now, you’re faced with a financial crisis that you never predicted and you’re considering making a 401k hardship withdrawal. You’ve heard it could be the answer to your immediate problems, but you aren’t sure how it’s going to affect your future plans. You are right, a hardship withdrawal from your 401k could certain help you out with your financial concerns. However, there are some critical … [Read more...]