The Motley Fool Discussion Boards

Previous Page

Financial Planning / Paying For College

URL:  http://boards.fool.com/roth-for-college-10667849.aspx

Subject:  Roth for College? Date:  3/12/1999  7:32 AM
Author:  bobbank1 Number:  569 of 8153

Jackie,

The previous poster was talking about using ROTH IRA money for college. I was thinking about this possibility for myself. However, I did not see anywhere in the regulations that you are allowed to withdraw money for education from a ROTH IRA (of course, you can withdraw the principle, but not the interest). It does say that you can use traditional IRA money for education without incurring any penalty. Am I missing something buried even deeper in the regulations?

Bob B.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us