Skip to main content
No. of Recommendations: 2
olivesforpants: "To answer your question JLP, I'm 27. I'm getting married this July and I'm exploring ways to pay down my future wife's grad school loans (approx $150k by 2010). The idea of completely untaxed earnings seemed too good to be true and it looks like it is."

You are switching horses in mid-stream, and probably do not even realize it.

Your OP stated: {{{My question concerns early Roth IRA distributions to be used for education expenses. Can only my contributions be withdrawn tax and penalty-free or can I withdraw the EARNINGS as well tax and penalty-free.}}}

I strongly suspect that everyone who responded previously understood "educational expenses" to mean current payments for education, and responded accordingly.

IIRC, repayment of student loans is not "education expenses" for purposes of allowed use of IRA funds.

Regards, JAFO

Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.