Hardship Distribution 401k

{Name}
{Address}
{Phone #}

{Date}

Dear {fund manager}:

Due to immediate and heavy financial need, I must now apply for hardship distribution of funds in my 401(k), as allowed under IRS "safe harbor" regulations.

I am now responsible for {medical expenses/purchase of a principal residence/mortgage payments/tuition/repairs to my residence/funeral expenses}. These costs far exceed the amount of cash or credit I am able to access.

I am seeking to withdraw {amount}, which is only the amount necessary to satisfy this immediate need. I cannot obtain funds from any other source or by liquidating assets.

I understand that I will be taxed on the amount distributed and that I may face additional related taxes.

Sincerely,

{Sender Name}

Index of Hardship Letter Examples