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.
Early Withdrawal. The IRS lets you tap your 401(k) early for hardship withdrawals -- money you need to pay for medical bills, a home or college expenses -- although not all plans allow this. If you make an early withdrawal, add a 10 percent tax penalty to the regular income tax you're paying.If you take out $10,000, for instance, $1,000 goes to the IRS no matter what tax bracket you're in.arly Withdrawal. The IRS lets you tap your 401(k) early for hardship withdrawals -- money you need to pay for medical bills, a home or college expenses -- although not all plans allow this. If you make an early withdrawal, add a 10 percent tax penalty to the regular income tax you're paying.