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I believe that I had read some place that you can withdraw money from a Roth IRA for education purposes. I have 2 children who will be going to college in 8 years and 16 years hopefully. I am planning on opening Roth IRA's for myself and my wife and funding them fully with the idea of using the proceeds to help fund my kids education. Is this a good idea?
For your info we are debt free except for a small mortgage and 1 small car payment at a low %.
I have a 401k maxed out plus profit sharing account and my wife has a good SEP IRA at work so our retirement is also being taken care of.
We are both in our early to mid 30's

Thanks,
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