Distributions from qualified plans before age 59 ½ are, in general, subject to a 10 percent penalty.1 However, there are several exceptions to the general rule which afford planning opportunities for plan beneficiaries.
Harl, Neil E.
"Penalties for Early Withdrawals From Qualified Plans,"
Agricultural Law Digest: Vol. 19
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol19/iss20/1