01-11-2013, 01:15 AM
tronnei wrote: the law provides that plans can allow distributions at age 59-1/2 whether or not you've terminated employment. Distribution of 401(k) contributions is generally prohibited before that age, the major exception being "hardship" as that term is narrowly defined by the IRS. And hardship distributions cannot be rolled over.
mattkime is only 29. But likely he'll easily qualify under the 'hardship' rule.