I have read several versions of the meaning of the word Esopus. The one I like is that shop-us is an Algonquin term for flowing waters and high banks and the e was prefaced to make the word easier to pronounce but also because of the similarity with Asopus, the name of several rivers in ancient Greece.
The IRS tacks a 10 percent penalty onto other taxes due when you withdraw money from a traditional IRA before you are age 59 1/2. You can tap an IRA to pay unreimbursed medical expenses for yourself and members of your family.he same rules govern early distributions from a Roth IRA that apply to traditional IRAs. If the withdrawal meets the exception criteria for paying medical expenses or health insurance premiums when you lose your job, you donât have to pay the penalty.
The Internal Revenue Service has special rules for withdrawing money from IRAs in the event you become disabled. Normally, you must pay income taxes and a 10 percent penalty tax on money removed from your traditional or Roth IRA before you reach age 59 1/2.The IRS will lift some of the restrictions for a disability withdrawal, but the rules are different for traditional and Roth IRAs.nqualified Roth Withdrawals. If you make a disability withdrawal from a Roth IRA before the account is five years old, the IRS still waives the 10 percent penalty. However, the money you take out might be subject to income taxes.