Can I take money from my IRA account to help pay for the Golpa G4 Implant Solution?

Generally, taking money out of your Individual Retirement Account before turning 59 1/2 is a no-no because of the 10 percent early withdrawal penalty. However, if you have medical expenses for the year that would be deductible if you itemize your deductions, you can exempt that portion of the early IRA distribution from the penalty. Qualifying medical expenses include those you pay for medical, dental and vision care for yourself, your spouse and your family. Claiming the exception saves you the 10 percent early withdrawal penalty, so not reporting it properly can be a costly mistake.

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