tracy007
Apr 6 2001, 01:07 PM
Can the penalty exception under the Roth IRA regarding education be applied to education loans?
Appleby
Apr 7 2001, 03:07 PM
I suspect you mean taking a distribution from the Roth IRA to repay an education loan.
No. the exception applies only if the distribution was taken to pay current education expenxes, not past ones
tracy007
Apr 9 2001, 09:34 AM
That is exactly what I meant - using a distribution to pay for past expenses. Thanks for the clarification that this is not possible.
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