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hello, I have been disabled since 2007 and collect social security

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disability. My 401k from my...
hello, I have been disabled since 2007 and collect social security disability. My 401k from my job was transferred into an ira account. My question is, I have available cash sitting in my ira. Because of my disability can I take that money without any taxes or fees charged me?
Submitted: 6 years ago.Category: Tax
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7/1/2011
Tax Professional: Ellen, Tax Attorney replied 6 years ago
Ellen
Ellen, Tax Attorney
Category: Tax
Satisfied Customers: 36,714
Experience: 25 years of experience helping people like you.
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Hello,

Thank you for your question. If my answer is not clear to you, please ask me for clarification by using the reply button.

You would be able to withdraw from the IRA without penalty based upon your disability. However the withdrawal would be included as taxable income
Ellen
Ellen, Tax Attorney
Category: Tax
Satisfied Customers: 36,714
Experience: 25 years of experience helping people like you.
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