You also won't pay a penalty if you:
* Use the distribution for a first-time home purchase -- up to a $10,000 lifetime limit
* Qualify for other exceptions that apply to traditional IRAs
And for Traditional IRAs:
Medical bills -- You might use money to pay unreimbursed medical expenses
that are more than 7.50% of your adjusted gross income (AGI). If you do, you won't pay a penalty.
If you’re age 65 or older, the threshold is only 7.5% of AGI.
Medical insurance -- You might receive unemployment wages for part of the year and meet certain conditions. If so, you'll pay no penalty on IRA distributions. However, you must use them to pay for medical insurance to cover:
So it depends on how much is there over and above the AGI limit.