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State of Michigan Financial Hardship Withdrawal Request Fax Form

State of Michigan Financial Hardship Withdrawal Request Fax Form

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in this video I'm talking about 401K hardship withdrawals and what you need to know if you're new here be sure to hit the Subscribe button and the links to everything that we mentioned in this video you can find in the description box below so let's Jump Right In a record number of Americans are taking hardship withdrawals and tapping into their 401ks ing to Fidelity participants taking hardship withdrawals from their accounts Rose to 2.4 percent last year up from 1.9 percent in 2021. this represents the highest share of hardship withdrawals recorded by the financial services firm Vanguard also recorded a rise in hardship withdrawals in 2022 about 2.8 percent of participants in its plans made hardship distributions in 2022 up from 2.1 percent in 2021 while alarming it isn't surprising as last year saw record high inflation Rising interest rates and a 15 year-over-year increase in credit card balances while more 401K investors are tapping into their retir

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