Thank you both for the information!
grantmeaname, I do have a Roth IRA but I've only had it for 3 years, and I think I read somewhere that you have to have it open for at least 5 years before you're allowed to withdraw the contributions, is that right? We're putting $300 per month in it but I'm planning to max it out once we can withdraw from it if needed. One other question about that, is the amount that is considered "contributions" calculated based on total dollar amount of what you originally put in regardless of what gains or losses you've had in the meantime, or is there some other more complicated way that they do this based on proportions or something? I'm assuming it's just by dollar amount, but I just wanted to be sure.
MDM, I couldn't remember our AGI when I posted this so I just put our gross income. I just looked at it for last year it was only $48,000; I didn't realize it was that different, so I feel better knowing that we have more room.
Part of my concern with the 30K is that I didn't have to pay any taxes when it went into my name so I thought maybe I'd have to pay them now that I'm actually wanting to do something with it. However as I said it was a trust, which was set up in my name and my relative's name in childhood so maybe I just didn't have to pay any taxes at all(?).
Thanks again!