401k early withdrawal due to unemployment - ESD advice needed!

I've been there, buddy. Here's what you need to know: • Gather all your 401k info before calling - account balance, recent statements, etc. • Be prepared to explain why you need to withdraw (unemployment in your case) • Ask about penalties and taxes - there's usually a 10% early withdrawal penalty plus income tax • See if there are any hardship exceptions you might qualify for • Consider asking about partial withdrawals or loans instead of full withdrawal • After talking to ESD, consult a financial advisor if possible Good luck! It's not an easy decision, but sometimes you gotta do what you gotta do.

whatever you do, DON'T withdraw from your 401k unless its absolutely necessary!! you'll regret it later trust me 😭

Has anyone actually managed to get through to a real person at ESD lately? I've been trying for weeks and keep getting stuck in their stupid automated system 🤬

have you looked into unemployment benefits instead? might be a better option than tapping into your retirement savings

PSA: If you do decide to withdraw, remember that you'll owe taxes on that money come tax season! Don't spend it all and then get hit with a surprise tax bill 🙃

Anyone know if theres a limit on how much you can take out? Asking for a friend...

idk about 401k stuff but sending good vibes your way OP! 🙏 This economy is rough rn