I would contact the Poison Control Center for this question. They will provide you with correct information not speculation.
I have contacted them before for information like this and they have always been friendly and helpful.
I've had iodine around for years; 7% strong. It lived in the barn, froze, got hot and years older. Still worked but did increase in strength over the years. Iodine will burn if it's too concentrated, so the alcohol sounds like a good idea. I always keep betadine and betadine scrub around, too. VK
I have some sample packets of this red iodine that someone got from a doctor's office. Since it's a sample packet, there are no directions or information about usage. What do you use iodine for exactly?