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.
For example, if you withdrew $50,000 early from a Traditional IRA or 401k retirement plan, you could expect to lose $5,000 because of the 10% early withdrawal penalty and another $14,000 in taxes owed (assuming that you are in the 28% tax bracket). Roth IRA offers investors a unique tool to withdraw funds from in a pinch. If your funds have been invested for more than five years, you may withdraw your contributions from a Roth IRA without having to pay any tax penalties on the withdrawal.