Hi, not sure what section to post these two questions so here goes:
1) Anyone know if being rated by the VA as 100% schedular or TDIU satisfies the IRS requirement as being totally disabled in order to be able to make IRA withdrawals penalty free before age 59 1/2? Or would I have to be approved for SSDI as well?
2) Are VA retro payments based on year's past rates or the current year's rates? For example, in 2012 we get a 3.6% raise on our disability payments. But let's say my NOD is approved in 2012 and am thus owed a couple of years backpay on my new rating. Will those back payments be entirely based on the new 2012 rates (with the new 3.6% increase included) or a mixture of the previous years' rates with the current year's rate.
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andyxoxo
Hi, not sure what section to post these two questions so here goes:
1) Anyone know if being rated by the VA as 100% schedular or TDIU satisfies the IRS requirement as being totally disabled in order to be able to make IRA withdrawals penalty free before age 59 1/2? Or would I have to be approved for SSDI as well?
2) Are VA retro payments based on year's past rates or the current year's rates? For example, in 2012 we get a 3.6% raise on our disability payments. But let's say my NOD is approved in 2012 and am thus owed a couple of years backpay on my new rating. Will those back payments be entirely based on the new 2012 rates (with the new 3.6% increase included) or a mixture of the previous years' rates with the current year's rate.
Thanks, ANdy
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