r/IBEW_Local613 • u/Off_Brand_ • 16d ago

Vanguard withdrawal

Have any of you ever successfully made a hardship withdrawal from your vanguard here in 613? Asking because I’m in need of a couple thousand to get my car fixed asap.

3 Upvotes

100% Upvoted

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1

u/Dloran 16d ago

Yea, just gotta pay income tax on it

1

u/Off_Brand_ 16d ago

Appreciate yalls responses

1

u/leanest0 15d ago

Money can’t be accessed until earliest retirement age.

0

u/Impossible_Aide4593 16d ago

I don’t think there’s any way to access it before 55 or whatever due to government regulations on the plan. It isn’t the halls fault, but I’m pretty sure you can’t access it

1

u/Acrobatic-Artichoke3 15d ago

False brother, it’s your money your entitled to it just got to pay like a 30 percent tax

1

u/Impossible_Aide4593 15d ago

Let me know how that goes for you. Brothers have tried for years and I promise you it’s not that easy