How in-service withdrawals work depends in part on the reason for the withdrawal. For example, it may be used to cover a qualifying hardship, such as medical expenses.

An in-service withdrawal is a unique opportunity to withdraw from certain retirement plans while still working, if you are generally over 59 1/2. Check with your company for their details in writing.

Reasons to consider an in-service distribution The primary reason to consider an in-service withdrawal from your 401 (k) is the added control and flexibility that comes with rolling assets into an ...

Learn about the exceptions to 401 (k) early withdrawal penalties, including reaching 59½, disability, SEPP, medical expenses, QDRO, military service, and more.

Learn how to calculate IRS’s 10% early‑withdrawal penalty on 401(k)s—with examples, exceptions, SECURE 2.0 updates, and ...

More details on in-service withdrawals. Withdrawal Options Changing The most exciting part of this change to the TSP is the flexibility of withdrawal options. Previously, after you left federal ...

An in-service withdrawal occurs when an employee takes a distribution from a qualified employer-sponsored retirement plan, such as a 401 (k) account, while still employed with the company.

Earlier this week, Government Executive’s Erich Wagner wrote about Thrift Savings Plan withdrawals as they relate to the COVID-19 stimulus package. The law liberalizes in-service withdrawal ...