Can I withdrawal from my IRA if I’m pregnant and be tax free?

[gillen-amber]

I was reading that you can pull up to 5000 and not be penalized for a birth. Could I do it before hand to help cover medical cost now?

[DoninGA]

Sorry, there is no such option to make a withdrawal from an IRA tax-free if you are pregnant.

[NCperson · Accepted solution]

@gillen-amber you are permitted to withdraw up to $5,000 within one year AFTER the birth of your child.  HOWEVER, you are still liable for the income tax on the distribution, but the 10% penalty that normally accompanies a withdrawal is waived. 

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-o...

You can not avoid the 10% penalty if you withdraw the funds prior to the birth of the child. 

There is no way to avoid the income tax itself.