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401(k) Hardship Withdrawals can only be requested under specific financial hardship situations.  A Hardship Withdrawal is considered taxable income and will be reported to the IRS.  You will not be able to put the money back in into the retirement account once you withdraw it.  Principal will deduct additional tax penalties from the withdrawal amount for penalties that you will owe to the IRS for withdrawing the funds before retirement age. 

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