If you pull money out of your qualified retirement plan before retirement age of 59 1/2, you will owe taxes and penalties. But there are circumstances under which you can do it penalty-free. These are called hardship distributions, and if you can plead your case, you may be able to save some money.
Hardship Distributions originally appeared on About.com Retirement Planning on Wednesday, April 30th, 2014 at 20:43:42.