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Withdrawals

401(k403(b)(9) 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 most cases, Principal will deduct a minimum of 20% from the withdrawal amount for Federal Withholding taxes that you will owe to the IRS (Roth withdrawals or parsonage withdrawals may not be subject to these tax withholding percentages) . 

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