Guest student79 Posted June 7, 2005 Posted June 7, 2005 I am leaving my job to start medical school in the fall. I have a 401k balance of $2000 (my employer matched dollar for dollar). I also have a Roth IRA of $500. I have to withdraw all these funds for qualified educational expenses this fall. What should I do? I want to get the greatest benefit possible. Should I roll over the 401k to my Roth IRA and then make the withdrawal? Or should I just withdraw from the 401k and from the Roth IRA separately? I hear you can withdraw from your Roth as long as it is a contribution you made and it will be tax free and penalty free. I also heard about the qualified educational expenses. But then I think when I roll over the moeny from the 401k it might get taxed. Please someone offer me some advise on what scenario you think will provide me the most benefit. Thanks, Ben
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