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What is the difference between an in-service withdrawal and voluntary withdrawal?

April 26, 2017in-service Voluntary withdrawal

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What is the difference between an in-service withdrawal and voluntary withdrawal?

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An in-service withdrawal requires a participant to be at least age 59 ½ in order to take a distribution from the fully vested portion of the plan assets. A voluntary withdrawal does not have an age restriction, but must include only voluntary after-tax contributions and related income.