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I am a nontrad with a family, accepted med student starting in Aug. Last night I came up with the idea of rolling over my Group Defined Benefit pension to an IRA and then, IF NEEDED, tap a little into it for emergencies and the such while in med school, but lost some sleep at the thought of the 10% early withdrawal penalty. Today, I was pleasantly surprised about the abundant threads about this topic here. On the other hand, there is one thing I don't understand: I am getting up to my COA in loans. How does this affect me getting money from the IRA for other school related expenses/emergencies and NOT getting assessed a penalty? Can I even do that since I'm already getting loans to cover COA? Thanks!
