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.
1. Understand 401(k) withdrawal after age 59.5. At the age of 59.5, you are to considered to have reached the minimum distribution age, and can therefore begin withdrawal from your 401(k) without being subject to a 10% penalty on early distributions. There is a 10% penalty on hardship withdrawals if you are under 59.5. 2  In addition to the 10%, whatever you take out is taxed as income. 3  So, for example, if you take out $10,000 from your 401(k), you might actually receive only a little more than half of that sum.