Are there situations when I can withdraw from my retirement account without paying a penalty?

Taking money out of your IRA is not like taking money out of a savings account. Withdrawing before age 59 could result in IRS penalties and taxes.

When withdrawing funds from your IRA you may be able to avoid early withdrawal penalties (but not taxes) in several situations, including, but not limited to, the following:

Please consult your tax professional for a full list of situations and determine if this type of withdrawal is right for you.

IRS Website - Early distributions