i had to withdraw from my IRA to help pay expenses for myself this year and keep getting denied, as usual per social security BS, but have been unable to work for years. i was dropped from medicaid so had to pay for my insurance out of pocket. i also put money down on a house, as i was told i needed to use what i have in savings and retirement funds to be considered. i’m going to have to take more out in january. i am 51. i was told that i wouldn’t be charged the 10% penalty and i’m hoping this is correct. the money i take out in january will be to pay for my health insurance and costs (i have significant medical issues) as well as to hopefully pay off the house.
