Early Withdrawal

Question: Ira Withdrawal for education?

Is there any difference between Traditional and Roth IRA when it comes to avoiding 10% withdrawal penalty for qualified higher education expense

Answer: You will still pay taxes on a traditional Ira Withdrawal for eduction. There is no 10% penalty but there are still taxes.

With a Roth, you can always take the contributions out tax and penalty free. The taxes kick in if you touch the earnings in the Roth.

Investing Early For Retirement