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If you are unemployed, you can take penalty free withdrawals from your IRA to pay for your medical premiums
However, you will still owe income tax on the withdrawal from your 401(k) plan
You cannot get away from paying income tax on your IRA withdrawal, although you can minimize any penalty that you might pay.
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Yes we got disconnected, but got your response on the IRA withdrawal question.
I was a little confused on the 401k response? Naturally when I was let go, I was able to transfer my 401k directly into an IRA account and then made my withdrawals. From your response on the 401k taxes, will I be expected to be fined for making the transition? Unless I misunderstood your response, I was not aware of such fees or taxes owed on the transfer from 401k to an IRA?