How Life Changes Affect Your 401(k)

Major life events can affect your retirement plan—and it’s important to keep your information up to date.

• Update your beneficiary designation to reflect your spouse (often required by law).

• Revisit contribution levels and tax planning based on household income.

• Retirement assets may be divided via a Qualified Domestic Relations Order (QDRO).

• Contact your plan administrator if a QDRO is issued to ensure proper processing.

• You can withdraw up to $5,000 without penalty to cover costs related to birth or adoption (taxes still apply).

• Update beneficiaries as needed.

• Ensure your beneficiaries are current to avoid delays or disputes.

• Spouses and non-spouse beneficiaries have different distribution options.

• Job change, disability, or hardship may qualify for specific withdrawal rules or plan provisions.