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We're scratching our heads about it; At least 4 years, not sure about 8, seems doable in the time frame our kids have. But there is a 10% withdrawal penalty in addition to a 10% IRS penalty on the appreciation (at the rate of UW tuition that year) if the kids don't go to school.

How long until you have to take the money out if the kids don't go to school? Since college tuition rises at about twice the rate of inflation, if you leave the money in long enough you may come out ahead even after the penalties.
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