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Investing/Strategies / Retirement Investing
|Subject: IRA Money and Education||Date: 4/20/1998 10:27 PM|
|Author: DrMerlot||Number: 2949 of 82226|
Dear Retirement Gurus or Kat:
I am now thinking that I would like to change career direction in mid-life. I would like to use my IRA money for my higher education expenses. Lets say I want to get an MBA in finance and avoid the 10% excise tax. What can I consider as room and board? Can my mortgage
and food expenses count if I live at home and commute to a State University? If I already have a
graduate degree, does that make me ineligible for another advanced degree in another field? Is
there an upper limit as to what I can take out of the IRA if I can go on for more education?
Thank you in advance for your help.
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