Guest tracy007 Posted April 6, 2001 Posted April 6, 2001 Can the penalty exception under the Roth IRA regarding education be applied to education loans?
Appleby Posted April 7, 2001 Posted April 7, 2001 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 Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Guest tracy007 Posted April 9, 2001 Posted April 9, 2001 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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