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.
Other Considerations. An early withdrawal can be costly in terms of lost interest. If you left the $10,000 in your 401(k) for an additional 10 years instead of taking an early distribution, youâd have an additional $3,439.16 at a 3 percent annual return rate and $6,288.95 at a 5 percent rate.etermine whether the withdrawal is subject to a 10 percent penalty. If it is, multiply the amount of the withdrawal by 10 percent. For example, the penalty fee on a $10,000 withdrawal is $1,000. However, the fee doesnât always apply.