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Dear FoolishGriggs - Regarding Roth/IRA & using it for college savings... I like it! Because you save with after-tax monies, all gains will be tax-free if taken after age 59 1/2. Sure, but what about college funding? Well, if your Roth account is over 5 years old you'll be allowed to withdraw the contributions without penalty (or tax) for any reason. The gains may also be taken out for educational expenses for the account owner, spouse, child, or grandchild without the usual 10% penalty, however you may be subject to taxation... A great idea, this Roth, because it isn't an asset in the student's name (it's your retirement account), and your use of its funds may not prevent you from using the HOPE Scholarship, or Lifetime Learning Tax Credit! And if you don't need to draw from it, you'll have it for your retirement... Best wishes. PP
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