Medical Payments

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L1: Medical PaymentsWould it be possible for someone already using a SEPP (started last year with 5 more payments to go) to also withdraw funds on an annual basis (without the 10% penalty) to pay for Health Expenses in excess of 7.5% of AGI?
Frank2003-12-04 15:46, By: Frank, IP: [127.0.0.1]

L2: Medical PaymentsHello Frank:
Unfortuantely, I don”t know the answer & no one else does either. This is uncharted waters; thus, the default answer from a risk perspective needs to be no.
TheBadger
wjstecker@wispertel.net
2003-12-04 17:51, By: TheBadger, IP: [127.0.0.1]

L2: Medical PaymentsThanks. I guess “better safe than sorry” applies here. I”ll heed the warning.2003-12-04 20:07, By: Frank, IP: [127.0.0.1]

L2: Medical PaymentsFor what it is worth, my accountant ( a CPA) said I could withdraw the funds for the medical expenses and that would not affect my set distributions under 72(t)2004-01-31 08:30, By: Gary, IP: [24.145.242.199]