{"id":6446,"date":"2022-10-14T08:53:38","date_gmt":"2022-10-14T12:53:38","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=6446"},"modified":"2022-10-14T08:53:38","modified_gmt":"2022-10-14T12:53:38","slug":"as-hardships-increase-verify-the-need","status":"publish","type":"post","link":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=6446","title":{"rendered":"As hardships increase, verify the need"},"content":{"rendered":"<p>As it appears we are in a recession and a bear market, don\u2019t be surprised if there is an increase in hardship requests.<\/p>\n<p>Hardship requests need to be substantiated by plan participants. Have them verify the need and document it. Make sure the hardship requests are in excess of the need (participants can gross up the request for the taxes due). Every distribution should be documented and consistent with the terms of the plan document.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>As it appears we are in a recession and a bear market, don\u2019t be surprised if there is an increase in hardship requests. Hardship requests need to be substantiated by plan participants. Have them verify the need and document it. &hellip; <a href=\"http:\/\/therosenbaumlawfirm.com\/blog\/?p=6446\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6446"}],"collection":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6446"}],"version-history":[{"count":1,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6446\/revisions"}],"predecessor-version":[{"id":6447,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6446\/revisions\/6447"}],"wp:attachment":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6446"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}