Tapping 401(k) is unwise because of tax bite featuring Bradley Weber

Minneapolis Star Tribune

...there is a potential exception to the 10 percent penalty that might apply to your circumstances. Looking only at the portion of expenses tied to improving access to the home for your disabled spouse, if medical expenses exceed 10 percent of your adjusted gross income (AGI) — a big “if” — that portion of the distribution might not be subject to the 10 percent penalty, notes Bradley Weber, director of investment advisory and principal for Aspiriant in Minneapolis. In addition, medical expenses that exceed 10 percent of AGI would also be deductible and could help offset some taxable income. (Disclaimer: Seek professional tax guidance before acting on taxes, medical expenses and retirement plan distributions. These comments are only suggestive. The devil is always in the details with taxes.)