Can I Withdraw From A Retirement Plan? 
Withdrawing from your qualified retirement plan may will trigger an ordinary income tax event with an additional 10 % penalty if you 're under age 59 1/2 . You may be able to borrow from your retirement plan if the plan allows for participant loans . There will be loan charges and more than likely a repayment schedule . Most advisers highly caution plan participants in accessing early withdrawals or loans from retirement plans . It should be the last resource you turn to for your cash flow needs . 