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    OndLei's Avatar
    OndLei Posts: 10, Reputation: 1
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    #1

    Feb 17, 2009, 06:42 PM
    401k early withdrawal - spouse disabled
    We took an early withdrawal on my 401k in 2008. My spouse became disabled and we needed the money for medical & living expenses. Since the account was in my name but my spouse is the one that became disabled, do we qualify for the exception? :confused:
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 17, 2009, 06:52 PM

    Unfortunately no -- the exception applies if you (the 401(k) account owner) are completely and permanently disabled. Having a spouse who is disabled does not eliminate the early withdrawal penalty on a withdrawal from your account.
    OndLei's Avatar
    OndLei Posts: 10, Reputation: 1
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    #3

    Feb 17, 2009, 07:03 PM

    That's what I was afraid of. Thanks.
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