HOW TO GET A WALMART 401K HARDSHIP WITHDRAWAL & IRS TAX RULES WITH MERRILL LYNCH, CRD DISTRIBUTIONS AVAILABLE ON OR AFTER APRIL 20, 2020 A Walmart 401 Hardship Withdrawal allows workers to access retirement funds when they are going through difficult times. You must meet certain qualifications to qualify for the hardship withdrawal. If you are affected by Covid 19 new laws may allow you to receive a distribution from your account. April 2020 Update Cares Act CARES Act Coronavirus Related Distribution (CRD) distributions will be available online on or after April 20, and will be processed daily. Phone-based requests may take up to 10 days to process. If your plan adopts the CARES Act CRD provision and you meet the eligibility requirements, a CRD allows you to withdraw 100% of your vested account balance up to $100,000 and will not be subject to the additional 10% federal tax assessed if under age 59 ½ or the normal 20% tax withholding. This option is available up until
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