BROWSE

In-Service Withdrawal

What is 'In-Service Withdrawal'

A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event, such as reaching a certain age, or leaving an employer, is often needed to be able to withdraw funds from a plan, such as a 401(k).

Explaining 'In-Service Withdrawal'

Some plans, allow for distributions to be made before a triggering event occurs, to make house payments or pay for your children's education. In most other instances, though, these withdrawals would be penalized according to the 10% standard.


Further Reading


Interactive innovation in financial and business services: the vanguard of the service revolution
www.sciencedirect.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Employment in service activities and inequality in metropolitan areasEmployment in service activities and inequality in metropolitan areas
journals.sagepub.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Islamic banking service quality and withdrawal risk: The Indonesian experienceIslamic banking service quality and withdrawal risk: The Indonesian experience
platform.almanhal.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Sequential clinical scheduling with patient no-shows and general service time distributionsSequential clinical scheduling with patient no-shows and general service time distributions
www.tandfonline.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Sustainable competitive advantage in service industries: a conceptual model and research propositionsSustainable competitive advantage in service industries: a conceptual model and research propositions
journals.sagepub.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Value co-creation in service logic: A critical analysisValue co-creation in service logic: A critical analysis
journals.sagepub.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Service systems: a broadened framework and research agenda on value propositions, engagement, and service experienceService systems: a broadened framework and research agenda on value propositions, engagement, and service experience
journals.sagepub.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Coping with the cuts? The management of the worst financial settlement in living memoryCoping with the cuts? The management of the worst financial settlement in living memory
www.tandfonline.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Urban service distributions: Some answers to neglected issuesUrban service distributions: Some answers to neglected issues
journals.sagepub.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …

Exploring consumer conflict management in service encountersExploring consumer conflict management in service encounters
link.springer.com [PDF]
… The particular nature of the new techno-economic paradigm based on information technology … to a discussion of the unique conjunction of factors favouring financial and business … innovation cycle proceeds, from increases in efficiency through improvements in service quality to …



Q&A About In-Service Withdrawal


How does one know if their employer offers an in-service withdrawal option?

One should ask their employer about this option. If it is not offered, then you cannot take advantage of it.

When did this transformation begin?

This transformation began in the 1960s with Victor R Fuchs calling it the service economy in 1968. He believes that United States has taken lead entering into this new era and other countries will follow suit over time because they see how well America's businesses have done since making this change and want similar success themselves.

What is an in-service withdrawal?

An in-service withdrawal is a method of withdrawing money from a retirement plan.

Are there any other instances where in-service withdrawals can be made?

Yes, but they would be penalized according to the standard.

What are some examples of products being transformed into services?

Some examples include IBM, which treats its business as a service business. Although it still manufactures computers, it sees the physical goods as a small part of the "business solutions" industry. They have found that the price elasticity of demand for "business solutions" is much less than for hardware. There has been a corresponding shift to subscription pricing model rather than receiving a single payment for a piece of manufactured equipment, many manufacturers are now receiving steady stream of revenue for ongoing contracts. Full cost accounting and most accounting reform measures are usually thought to be impossible to achieve without good models of the service economy.

What is In-Service Withdrawal?

A withdrawal made from a qualified plan account before the holder experiences a triggering event.

What does the service economy refer to?

The service economy refers to one or both of two recent economic developments.

What are some instances where in-service withdrawals can be made?

In-service withdrawals can be used to make house payments or pay for your children's education.