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403(b) Withdrawals can only be requested (without hardship penalties being applicable) at age 59 1/2 or above.  A withdrawal is considered taxable income and will be reported to the IRS.  In In most cases, Principal will deduct a deduct a minimum of 20% from the withdrawal amount for Federal for Federal Withholding taxes that taxes that you will owe to the IRS (Roth withdrawals or parsonage withdrawals may may not be subject to these tax withholding percentages) . 

To request a withdrawal, log on to your account at principal.com. Select Loans and Withdrawals > Request a Withdrawal.  Select "Over Age 59" as the Type of Withdrawal.

Withdrawals can be paid out in the form of a check or a direct deposit.  

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