most farm ponds are constructed in a drainage basin on gently sloping terrain the earth that is excavated for the pond basin is used to construct the dam however there must be sufficient clay content in the soil for the pond to hold water 20 percent clay content is the recommended minimum
Normally you can't tap your retirement plan -- whether it's a 401(k) or IRA -- before you turn 59 1/2. Withdrawing the money early is costly. You'll pay not only regular income tax on the money, but a 10 percent penalty on top of that.For a $5,000 withdrawal, for instance, the penalty would be $500.However, federal tax law does allow the Internal Revenue Service to waive the penalty in certain cases.f you've already left your employer, you can avoid the penalty by making not one withdrawal but several -- substantially equal period payments, in IRS-speak. You have to take withdrawals for a minimum of five years, or until you turn 59 1/2, even if that adds up to more than you want to withdraw.
If you do not wait until the age of 59-1/2 to withdraw your 401(k) funds, you may pay a penalty tax in addition to federal, state and local taxes. In most circumstances, an early withdrawal triggers a penalty equal to 10 percent of the withdrawal amount.For example, if you withdraw $10,000, you must pay your taxes and then a $1,000 penalty for using the funds prior to reaching the minimum age.n most circumstances, an early withdrawal triggers a penalty equal to 10 percent of the withdrawal amount. For example, if you withdraw $10,000, you must pay your taxes and then a $1,000 penalty for using the funds prior to reaching the minimum age.