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My Wife and I are currently unemployed can i get a distribution from an Traditional IRA without penalty? We borrowed 42K to pay for our home mortgage, health coverage.
We borrowed 42K from a traditional IRA to help pay for our home mortgage, health care coverage as well as day to day expenses. Unemployment lasted only 4 months but I was unemployed for 2 of the months in 2015. Is it fair to get get penalized for paying for your home and health coverage with your 401K money that you earned.
‎June 5, 2019
10:45 PM