How to Withdraw a 401k to Keep From Being Evicted From a Rental Property


Withdrawing your 401k to pay rent is possible whether or not you are with your employer. If you are still working with the company in which you contribute to your retirement fund, you will need to pursue a hardship withdrawal. If you have left your employer, you can withdraw money by requesting a total or partial distribution. In either case, you may incur financial penalties for your actions. But if you are facing an eviction from your rental property, withdrawing your 401k early to pay rent may be your best option.

Hardship Withdrawal

  • Obtain a copy of your 401k statement to ensure you meet the qualifications for a hardship withdrawal of your savings. Employees are allowed to withdraw funds early if needed to prevent eviction or foreclosure.

  • Log into your 401k plan management website or contact your employer's human resources department.

  • Locate the withdrawal request form through the 401k website or obtain a form through the human resources department.

  • Fill out the requested information. You may be required to submit evidence of your hardship, such as bank account statements.

  • Submit the form and wait for approval. If you are approved, you will receive a check in the mail. Use the check to pay your rent.


  • Obtain a copy of your 401k statement to ensure you meet the qualifications for a total or partial distribution of your 401k funds.

  • Request a distribution if your employment with the company has ended and you are younger than 59 and a half years old, the legal retirement age.

  • Log into your 401k plan management website.

  • Locate the section titled "Request Distribution," or a similarly named section. Fill out the distribution request form and submit it.

  • Wait for approval, and for your distribution check to arrive. When your check arrives, use it to pay rent.

Tips & Warnings

  • A 401k withdrawal is subject to federal income tax and possibly an early-withdrawal penalty.

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