Retirement funds withdrawn (prior to turning 59 1/2) to cover college expenses are not subject to the 10% penalty. However, the money is recognized and taxed as income. http://www.finaid.org/savings/retirementplans.phtml.
Retirement funds withdrawn (prior to turning 59 1/2) to cover college expenses are not subject to the 10% penalty. However, the money is recognized and taxed as income. http://www.finaid.org/savings/retirementplans.phtml.