i was told from the 401k retirement that im with in order to file a hardship i have to take out a loan from my 401k is that true?

i was told from the 401k retirement that im with in order to file a hardship i have to take out a loan from my 401k is that true?
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1 Answer

Answer :

That is not true. A hardship determination allows you to make an early withdrawal without paying a penalty. You will however have to pay normal taxes on it.
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