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VTUD

Joined: 08/15/2002 Posts: 16810
Likes: 6073

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Never,ever take money out


of your IRA to pay for college. You can take out loans for college,but you can`t take out loans to pay for your retirement.

(In response to this post by Boiler Hokie)

Posted: 02/27/2017 at 3:39PM


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Current Thread:
 
  Paying for tuition using an IRA -- Boiler Hokie 02/27/2017 2:28PM
  You don't pay the 10% early withdrawal penalty but every dollar -- fordham 02/27/2017 3:44PM
  Kinda, but in the IRS example they show some is tax-free -- Boiler Hokie 02/28/2017 09:26AM
  Never,ever take money out -- VTUD 02/27/2017 3:39PM
  But what if helping your offspring with some tuition? -- Boiler Hokie 02/28/2017 09:30AM
  For retirement you can to a reverse mortgage, sort of a loan ** -- fordham 02/27/2017 4:05PM
  Some people end up -- VTUD 02/27/2017 7:54PM
  Pay to talk to a tax advisor first it would be worth it ** -- HokieJamie 02/27/2017 2:37PM
  Don't do it ** -- hokeyhokie 02/27/2017 2:30PM

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