403(b) Plan and 457(b) Distribution Options

We recognize life is unpredictable.

Life is full of unexpected events, and sometimes, these unforeseen circumstances can create a significant financial strain on your clients. For many families, the hardship withdrawal or unforeseen emergency provision in a 403(b) and 457(b) retirement plan offers a crucial lifeline to cover immediate and heavy financial needs such as medical expenses, eviction prevention, or funeral costs. A recent Vanguard study highlights a growing trend for this provision: a record 3.6% of the 5 million accounts saw an early withdrawal^¹.