U.S. citizens cannot be deported from the United States â unless, that is, they committed fraud in order to obtain their green card or citizenship. (If you are interested in the benefits of U.S. citizenship, read our articles on the naturalization process and dual citizenship.)
Hardship withdrawals are limited to two per calendar year and can only be taken from assets held in accounts at Fidelity. Participants should call the Fidelity Retirement Service Center at 1.800.343.0860 to request a hardship withdrawal. Participants must submit appropriate supporting documentation to Fidelity prior to being approved to receive a hardship distribution. If the distribution is approved, a suspension of the participantâs voluntary contributions (and any associated match) will be implemented for a minimum of six months.
A 401k loan. An alternative to making a 401k hardship withdrawal to buy a house is to consider a 401k loan. Most 401k loans are agreed regardless of your needs and it can be very easy to obtain a loan against your retirement plan. When you borrow from your 401k plan you also benefit from the interest that you pay.aking a 401k hardship withdrawal. 401k plans are intended for retirement savings. So, if you want to take money out of your 401k plan early, there are penalties and taxes in place to deter you. Congress did make provision in the 401k plan rules to allow you to access their savings in extreme circumstances.