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  • Principal Early Withdrawalor Benefits Form

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Mailing Address Des Moines IA 50392-0001 Early Withdrawal of Benefits Principal Life Without Guaranteed Accounts Insurance Company No Spousal Consent Needed CTD00603 Complete this form to withdraw part of the retirement account in cash while still employed. Participant complete Sections 1 3 4 and 5.

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To cash out all or part of a 401(k) fund without being penalized, a person must reach the age of 59 1/2, die, become disabled or -- under some plans -- suffer a "financial hardship." Penalty-free withdrawals are also available when an employer discontinues the 401(k) plan without establishing a new defined contribution ...

You can do a 401(k) withdrawal while you're still employed at the company that sponsors your 401(k), but you can only cash out your 401(k) from previous employers. Learn what do with your 401(k) after changing jobs.

Principal Funds questions. How can I take money out of my IRA? To withdraw money from your account, call us at 800-222-5852 or complete a distribution form (PDF).

To cash out all or part of a 401(k) fund without being penalized, a person must reach the age of 59 1/2, die, become disabled or -- under some plans -- suffer a "financial hardship." Penalty-free withdrawals are also available when an employer discontinues the 401(k) plan without establishing a new defined contribution ...

Business owners can choose to have the plan allow for hardship withdrawals. This provision allows participants to withdraw eligible amounts from their 401(k) account to meet the needs of a financial hardship.

Cash out your account balance. You also have the option to take your savings as a lump-sum cash distribution. You get immediate access to your money, but you may lose up to 30% of it to taxes and penalties. You'll miss out on any future growth or earnings.

If you withdraw earnings at any time, you must pay taxes on them. If you make a withdrawal before the account is five years old, you'll pay a 10% penalty and taxes. You'll pay a 10% penalty on the withdrawal plus taxes at your current rate.

If you have a Principal Bank Automatic Rollover IRA (also known as Safe Harbor or Plan Term IRA), a Money Market,2 or an Assured Savings, you can request a withdrawal online up to $25,000.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232