Can you cash out early on a Simple IRA? I need the money
It's through Vanguard. It'll be considered early withdrawal before age 591/2. I'm 28. It's an emergency. I have loads of medical bills cause I have no insurance for my kids. I started a new job and won't get medical benefits til September. Til then I have to pay out my pocket for mainly my baby's shots and my older child has a dentist appointment coming up. I don't want to go through COBRA because either way I go through with it or pay out my pocket, it's the same thing. Both ways are too expensive. But I have to deal with it. My older son's dad has no insurance from his job and my current boyfriend has insurance but can't enroll our child til the next enrollment date which will be in December. Obviously before then I'll have my insurance. Please no bashing, I'm only using this money to help pay for my childrens' medical bills because I do not want to file bankruptcy. I am aware of the penalty for tax time but it's worth it.