User talk:MMSBM
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5329
You asked: Hi Jeff, I've read many of your thoughtful responses over the years and want to see if you have any thoughts on the following: Have a client that suffered a fire in their owned home. They were displaced for nearly a year as the contractors, insurance company and city reeked havoc on their lives. They went out of pocket nearly $40k on temporary living expenses. Without my knowledge they dipped into the husband's SEP IRA for $55k. I realize there's no 5329 penalty exception for financial hardship, but this $5,500 hit on top of everything they've been through is tough for me to stomach.
Any pearls of wisdom? Thanks
Nope, afraid I'm not much help there...perhaps someone else who does more representation work like Kevin or Larry Hess, etc. might be.
