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.
Taxes on a 401k Hardship Withdrawal. You will pay taxes on the amount you take out in the form of a 401k hardship withdrawal. In addition to regular income taxes, you will likely pay a 10% penalty tax. You may be able to avoid the 10% penalty tax if you meet one of the following exceptions: