Withdrawals*

You can withdraw money from your vested account balance once you’ve reached age 59½ or if you encounter a serious financial hardship. Among them are:

• Purchase of a principal residence.
• Unreimbursed medical expenses.
• Tuition and fees for postsecondary education.
• Prevention of eviction or mortgage foreclosure.
• Burial or funeral expenses for a spouse, child, or dependent.
• Certain expenses for repairing your principal residence if the expenses qualify as a casualty deduction.

This type of withdrawal is not subject to a mandatory 20% federal withholding for taxes. Instead, 10% will be automatically withheld. If you want, you can waive this withholding entirely. State and local tax implications may vary, and we suggest you consult with a tax advisor.

You can also request a Qualified birth or adoption distribution (QBAD) withdrawal. You can withdraw up to $5,000 from your account for a QBAD. The withdrawal must be taken within one year of the date of birth or the date the legal adoption is finalized. Certain restrictions apply.

To request a withdrawal, you can:

• Log in to your account at vanguard.com/retirementplans. Your request will be forwarded to your benefits office automatically. However, you will still need to deliver your supporting documentation to your benefits office to complete your request.
• Call a Vanguard Participant Services associate at 800-523-1188 Monday through Friday from 8:30 a.m. to 9 p.m., Eastern time. After your conversation, the associate will send you a request form. You must sign the form and return it to your benefits office, along with your supporting documentation, to complete your request.

Note: Your benefits office must approve all hardship withdrawal requests.

*Taxes: Taking money from your retirement account can affect how much you'll have to pay in taxes. You'll owe taxes on pre-tax money. You won't owe taxes on Roth earnings as long as you are age 59½ or older and it's been at least five years since your first Roth contribution. If required by law, Vanguard will withhold some taxes for you. You may need to pay a 10% federal penalty tax if you take money out early.