403b is similar to a 401k. Contributions and investment earnings in a 403b grow tax deferred until retirement, at which time they are taxed as ordinary income. For the most part, you will pay a 10% penalty if you receive distribution prior to age 59 Â½ except when allowed.
In 1852, in Trenton, New Jersey, two men appeared in the Circuit Court of the United States, the legal giants of their day, to argue the case of Goodyear vs. Day for patent infringement. Rufus Choate represented the defendant (Day) and Daniel Webster the plaintiff (Goodyear). Daniel Webster, in the course of his plea, pointed to his client. The man whose cause he pleaded was a man of fifty-two, who looked fifteen years older, sallow and emaciated from disease. This was Charles Goodyear, inventor of the process which put rubber into the service of the world.
The worldâs first bubble gum is Dubble Bubble. It was invented in 1928 by Walter E. Diemerâan accountant at Fleer Company. After his retirement, Diemer admitted that the recipe was discovered by accident. The company founder, Frank Fleer in 1906, attempted to create a chewing gum which he called Blibber Blubber.