The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/tim-the-education-ira-idea-sounds-good-at-first-10308331.aspx

Subject:  Re: Education IRA Question(s) Date:  9/4/1998  10:17 AM
Author:  peppermintpatty Number:  5332 of 75833

Tim: The Education IRA idea sounds good at first, but if you read the full disclosure you'll see that some other new benefits (HOPE Scholarship Credit & Lifetime Learning Credit) may be more beneficial to the parent than using the distribution of an Ed/IRA... In order to preserve the right to use the two new tax credits & still withdraw from a funding source I prefer to use a Roth/IRA or even a traditional IRA! But do read the rules completely before making a decision. Best wishes. PP
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us