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.
Typically, hardship withdrawals are taxed between 25 to 35 percent. Here is an example of the tax rate for a withdrawal of $25,000. If you are in the 25 percent tax bracket, the federal tax on that withdrawal is $6,250.If you incurred a penalty for your hardship withdrawal, you will owe $2,500 in penalties. With just federal tax and penalties, you lose $8,750 from your original deduction of $25,000.f you are in the 25 percent tax bracket, the federal tax on that withdrawal is $6,250. If you incurred a penalty for your hardship withdrawal, you will owe $2,500 in penalties.