Hello,
I am 50 years old. I am employed with government agency. But in a kind of financial mess right now due to mismanaging and gambling my money. I have now credit card debts, personal debt, and car payment. All my debts amount to about $77,000. I have however 3 retirement account. Those have about $110,000 total in them. I am literally broke at this point. I am at a point that doesn’t have my next rent payment. And was wondering if I can make an early withdrawal of all me retirement savings at this point. I am ready to make early penalty and taxes in order to get my life back on the track. Am I entitled to hardship early withdrawal from my own retirement account? Do you know approximately how much in taxes and penalty I will be charged?

I don't know what your "hardship" would be as I don't think gambling and mismanageent would be eligible. Yes, you can happily withdraw all your money if you wish. You may have to just withdraw all the money and close the accounts. No, I don't know what your particular penalties are going to be. You will have to contact whoever has your retirement accounts and ask them these questions as each financial institution has different penalty percentages.

Depends on the type of retirement account. Not all types allow early withdrawals. And you don't really qualify for a hardship withdrawal.

I would suggest consulting with your paln admins to see what options you have.

I can tell you, if you do take the money out, it will be costing you a great deal of money.