College Planning & Financial Aid
Can I use my Roth IRA to pay for my daughter's college costs ?
Answer:
There is currently no provision in the code which allows for distributions from any IRA to pay for college education without incurring severe tax ramifications. We recommend that you consider distributions from your IRA to pay for college costs as your last choice. Explore other options first.
Interested in more College Planning & Financial Aid Questions?
- When must contributions to an Educational IRA be completed by ?
- Can I deduct the amounts I pay for Law School ?
- What is the tax consequences of taking money out of my IRA and paying for my daughters college education ?
- What are some websites for finding College Home pages ?
- What are some websites for SAT and ACT Online access ?
