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Can monies be withdrawn from the Roth Ira to pay for College expenses?


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Guest jmystery
Posted

Can monies be withdrawn from the Roth Ira to pay for College expenses, i.e. tuition. If so, tax free or not?

Posted

Money taken from a Roth IRA that is attributable to Roth earnings are penalty free if used for qualified higher education costs, but they are not income tax free.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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