is it a good idea to take early withdrawals from your 401 k 
there are few advantages to taking an early withdrawal from a 401 k plan if you withdraw before 59 you will face a 10 penalty in addition to any taxes you owe however some employers allow hardship withdrawals for sudden financial needs such as medical costs funeral costs or buying a home 38 this can help you avoid the early withdrawal penalty but you will still have to pay taxes 