RE: 401K withdrawls

[Guest guest]

Thank you so much Meredith, he DOES qualify for no penalty!

Tina Transplant Financial Coordinator Cannon BMT Program2300 St.,3N Parkview/BMT OncologyNashville, TN 37203(615)342-3388 Phone(615)929-2847 Pager(615)342-7641 FaxTina.@...

From: TxFinancialCoordinators [mailto:TxFinancialCoordinators ] On Behalf Of Gray, Meredith MSent: Wednesday, June 11, 2008 8:21 AMTo: TxFinancialCoordinators Subject: RE: 401K withdrawls

Check out this article… there is a hefty penalty for withdrawing early, but there are ways to avoid it:

http://www.401khelpcenter.com/401k_education/hardship_withdrawal_article.html

Meredith Gray

Liver Transplant Financial Coordinator

University of Rochester Strong Memorial Hospital

601 Elmwood Avenue Box 602

Rochester, NY 14642

(fax)

(pager)

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From: TxFinancialCoordinators [mailto:TxFinancialCoordinators ] On Behalf Of TinaSent: Wednesday, June 11, 2008 9:15 AMTo: TxFinancialCoordinators Subject: 401K withdrawls

Is anyone familiar with working with a patients 401k plan? We have apatient who will be withdrawing from their plan to cover transplantexpenses. The handler of the plan states that there will still be the20% tax on withdrawl, but I thought if it was a hardship withdrawl thisdid not apply. Are they correct?Tina Transplant Financial Coordinator Cannon BMT Program2300 St.,3N Parkview/BMT Oncology Nashville, TN 37203 (615)342-3388 Phone(615)929-2847 Pager(615)342-7641 Fax Tina.HCAHealthcare