Withdrawals

Voluntary Contribution Retirement Plan (VCRP)
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.

To request a withdrawal, you can:

• Log in to 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, to request a 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: The money you take from your retirement account will be taxed as income. You may also need to pay a 10% federal penalty tax if you're under age 59½. If required by law, Vanguard will withhold some taxes for you.