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Financial Planning / Paying For College
|Subject: 529 vs. Roth IRA||Date: 5/14/2012 12:53 PM|
|Author: JEMSS||Number: 7962 of 8108|
I have read from a few Financial Planners that opening a Roth IRA allows:
1) More flexibility in usage of funds
2) More investment options
as compared to a 529 plan to fund college education.
For example, there are legal clauses in the Roth IRA law that allows for extraction of funds for education purposes before 59 1/2.
Thoughts from the Senior Fools? (and I use Fool respectfully)
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