Hardship Withdrawals
403(b) Hardship Withdrawals can only be requested under specific financial hardship situations. A Hardship Withdrawal is considered taxable income and will be reported to the IRS. You will not be able to put the money back into the retirement account once you withdraw it. GuideStone will deduct additional tax penalties from the withdrawal amount for penalties that you will owe to the IRS for withdrawing the funds before retirement age.
To request a Hardship Withdrawal log on to your account at MyGuideStone - Select Retirement & Investments > Loans &Withdrawals > Withdrawals > Select "Withdraw/Rollover Out" > Follow the instructions as prompted to complete the request.
Confidential Consultation
If you have questions about a Hardship Withdrawal, please contact Barb Seckler, Director of Finance, at 407-270-1318 or barb.seckler@reliant.org for a confidential discussion of your options.
