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A hardship withdrawal is a provision that permits individuals to withdraw funds from their retirement accounts when facing immediate and urgent financial needs. Such needs can include purchasing a primary residence, preventing eviction, or covering costs for medical care. To process your hardship withdrawal, you often need to complete forms that detail your circumstances, including the Nationwide Retirement Solutions Unforeseeable Emergency Withdrawal Form, which outlines your financial situation. Always consider the long-term impact of such withdrawals on your retirement savings.
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