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LinkBack | Thread Tools |
03-31-2008, 03:00 PM
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#1 (permalink) |
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Registered User
Join Date: Mar 2008
Location: Cols. Ohio
Posts: 3
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IRA withdrawl
Has anyone withdrawn money from their ROTH IRA to pay for IVF or infertility treatments? I am contemplating taking half out of my IRA if there is no penalty. I looked on the IRS website and it says that medical expenses are classified as a hardship withdrawl, but I'm just not sure if you are still charged the penalty or not. Anyone done this?
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04-05-2008, 01:58 PM
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#2 (permalink) |
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1000-4999 post queen of hearts
Join Date: Dec 2007
Location: Southern, CA
Posts: 1,551
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Haven't done it for IF, don't know for sure if it could work for medical expenses, but also call tax person - cause I was penalized for a few yrs. as a "non saver" on my taxes for closing out/taking out a small amount accidently when changing jobs (paperwork issue).
Tricia |
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