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401As ARE CONSTRAINED BY THE SAME IRS RULES
401As first came into existence in 19
When you take what is called a distribution from a 403b before retirement age you are constrained to by IRS CODE. For example mutual fund custodians are required to withold 20% which is subsequently sent to the IRS. The IRS also charges a 10% witholding penalty.
To take and early distribution an individual must meet what is called a "trigering event." These indclude:
HARDSHIP
DEATH
". . . TIME IS ALL THE CAPITAL STOCK THERE IS ON THE EARTH . . . YOU SHOULD CONSIDER YOUR TIME GOLDEN, IT IS ACTUALLY WEALTH, AND IF PROPERLY USED, IT BRINGS THAT WHICH WILL ADD, TO YOUR COMFORT, CONVENIENCE AND SATIFACTION."
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