Friday, December 11, 2015 1:09:49 AM
Emergency Medical Expenses is one of those things the IRS will allow you to tap into your Roth to cover.
No one wants to tap into a Retirement acct but...you may retire VERY Early by setting up equal withdrawals over your expected lifetime...as sort of an annuity.
There are so many complicated rules here and this topic is not for those that never ventured in the topic before. I started my Roth 25 years ago and have had time to think about Retiring now at 44.
Over the past 25 years as a young person, I had to deplete my Roth 2x and start all over again for being out of work and buying a house...but you just keep adding to the Roth and over time, you will recover again.
I highly recommend you speak to a tax planner to discuss your withdrawal options and how they affect you.
Cheers!!!
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