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Greetings, Cashew, and welcome. You asked:

<<Can someone please let me know where I might inquire about college IRAs?>>

And added in response to a reply by Peppermintpatty:

<< Can a Roth be used for Education without penalties. Where can I find more info about Roth IRAs?>>

In addition to IRS Publication 590 (Individual Retirement Arrangements) available at, you will find a general description of Roth and Education IRAs in the IRA discussion of my Foolish Retirement Planner available at . You may indeed use the Roth to pay for the expenses of a higher education without incurring a penalty for early withdrawal. Remember that your Roth contributions may be taken at any time free of tax and without penalty. When you start withdrawing earnings, though, then you must be older than age 59 1/2 and the account must be open for at least five tax-years to escape taxes and a penalty unless you meet one of the authorized exceptions. Withdrawal for education expenses is one of those exceptions authorized. Therefore, if you use all your Roth contributions and must use earnings, as long as the withdrawal is for education expenses you will escape the 10% early withdrawal penalty. You will, though, have to pay ordinary income taxes on the earnings withdrawn.

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