When drawn as a population pyramid, age distribution can hint at patterns of growth. A top heavy pyramid, like the one for Grant County, North Dakota, suggests negative population growth that might be due to any number of factors, including high death rates, low birth rates, and increased emigration from the area.
If your 401(k) plan made hardship distributions that didnât follow the plan language, or if your plan doesnât have hardship language, find out how you can correct this mistake. The rules for hardship distributions from 403(b) plans are similar to those for hardship distributions from 401(k) plans.
If you do qualify, you will still have to pay the 20 percent income tax payment and 10 percent early withdrawal penalty for those under the age of 59 1/2. Thankfully, the IRS does allow you to include these anticipated penalties in the sum you withdraw from the account if you qualify for hardship.