I tried to switch my discounted class A stock and sell it but I haven' had every share I own for 2 years. Out of almost $6000 I can only convert $800 so I have to put in a request for a hardship. How easy is it to get the company to approve your hardship and what are good examples of what kind do of hardship they may accept. Lastly do they ask for any proof or receipts for any of the hardships. This is for the stock not the 401k
Stock hardship advice
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Indecisi0n
Well-Known Member
We need to know what's going on.
Maple Grove MN Driver
Cocaine Mang!
Yep....to truly help we need to know
Just had a baby and it' getting hard to make ends meet after buying formula, diapers and wipes. I already submitted a hardship request but it was turned down because my situation is does not not meet there guidelines. Also I have to move because the crime rate of my area is skyrocketing. I also need a new roof and A/C unit
Indecisi0n
Well-Known Member
Why not tell your boss you want all the overtime you can get? How do you expect to move when you can even afford formula? A/C? Are you serious?
DieHardUPSER
Well-Known Member
From the actual plan summary:
You will have the right to request the salary committee to permit you to sell shares purchased under the plan prior to the end of the two-year holding period if you experience a severe financial hardship resulting from divorce, an illness or accident to you, your spouse, or one of your dependents, loss of your property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond your control.
You will have the right to request the salary committee to permit you to sell shares purchased under the plan prior to the end of the two-year holding period if you experience a severe financial hardship resulting from divorce, an illness or accident to you, your spouse, or one of your dependents, loss of your property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond your control.
Thoes are made up hardships for the most part. I don' actually problems feeding my child and my a/C u it is fine I'm trying to figure out if these are good enough reason to be considered for a hardship. I really am trying to move because of high crime rate but that' not why I'm filing for a hardship. I just want my damn money so I can buy
lol
Rack em
Made the Podium
Budget better and save up so you can buyThoes are made up hardships for the most part. I don' actually problems feeding my child and my a/C u it is fine I'm trying to figure out if these are good enough reason to be considered for a hardship. I really am trying to move because of high crime rate but that' not why I'm filing for a hardship. I just want my damn money so I can buy
. Keep the money you have saved in savings and you will thank yourself later. I was about to convert stocks last year because I was in a bind, but I cut down A LOT on my spending and didn't have to touch it.
burrheadd
KING Of GIFS
Thoes are made up hardships for the most part. I don' actually problems feeding my child and my a/C u it is fine I'm trying to figure out if these are good enough reason to be considered for a hardship. I really am trying to move because of high crime rate but that' not why I'm filing for a hardship. I just want my damn money so I can buy
Weed?
Na i never smoked a day in my life
Rack em
Made the Podium
$6,000 is a lot for just weed lol
I actually was gonna pay off some debt so I can be debt free. Just smallBudget better and save up so you can buy
like credit cards and a loan my stupid youner self took out to finance a turbo kit. I want 0 debt besides my house and maybe a carFaceplanted
Well-Known Member
Be honest..... you saw my epic 401k thread. You saw my madd gainz in one week and realized you should jump into cryptos!!!!
Rack em
Made the Podium
Understandable, I hate being in debt too.I actually was gonna pay off some debt so I can be debt free. Just small
If I spend $6000 weed I'll have 30000at the end of the week lol
UpstateNYUPSer(Ret)
Well-Known Member
There is good debt and bad debt.
Credit card debt and a loan for a turbo, whatever the hell that is, are both bad debt.
Keep in mind that you may have to pay taxes on the hardship sale.
burrheadd
KING Of GIFS
Depends on quality and quantity
Indecisi0n
Well-Known Member
He'll need a Jessie
barnyard
KTM rider
Hmmmm. I do have 2 weeks in a row off in May.....
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