Penalty-free IRA Withdrawals

People under the age of 59½ may withdraw money from traditional or Roth IRAs without paying the 10 percent early withdrawal penalty if the money is used for qualified higher education expenses.

Qualified higher education expenses include tuition and fees, books, supplies and equipment required for enrollment at an eligible school. Room and board also qualifies if the student is enrolled at least half-time. An eligible school is any college, university, vocational school or other school eligible to participate in federal student financial aid programs.

For more information, contact:
U.S. Internal Revenue Service (I.R.S.)
Phone: 1.800.829.3676

Up to $5,000 to Complete Your Bachelor's Degree.
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A Safe and Easy Way to Save for College.
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