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.
For example: suppose you fall in the 28 percent tax bracket. If you take a $10,000 hardship withdrawal to pay for your child's college tuition, you will owe $2,800 in federal income taxes and an additional $1,000 to cover the early withdrawal penalty.ax Pain. What many 401k participants, desperate for money, may forget is the cost of taking a financial hardship withdrawal. A $10,000 withdrawal does not equal $10,000 in your pocket. If you are under 59 1/2, you will lose 35 percent to 45 percent of the withdrawal in taxes and penalties.