How to Pay for School With a 401k

submit to reddit

Submit Your Tip

How to Pay for School With a 401k – This is a place for the community to provide tips and advice on How to Pay for School With a 401k. This topic was created by presidentdubbya and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Votes

Tips

1
- Vote
Tip 1
Dipping Into Your Retirement Account to Pay for College More
Published: 9 years, 4 month(s) ago by TARYN | permalink
Vote
The type and timing of your withdrawal will determine the taxes and fees you pay.
Tags: retirement,colleges,IRA,401(k),tuition,college admissions,Emily Brandon,401(k)s,IRAs
For further reading: http://money.usnews.com/money/retirement/articles/2011/09/06/dipping-into-your-retirement-account-to-pay-for-college ^[1]

1
- Vote
Tip 2
How to Use a 401(k) to Pay for College Tuition | eHow More
Published: 9 years, 4 month(s) ago by Cesar Zampieri | permalink
Vote
Though you might have put money into your 401(k) plan with the expectation you weren't going to touch it until you retired, you might find yourself wondering if you can access some of the money for college tuition. Whether you're going back to school yourself or you have a child ready to leave the nest, your 401(k) might be a source of funds you...

For further reading: http://www.ehow.com/how_2214466_use-401k-pay-college-tuition.html ^[2]

1
- Vote
Tip 3
Should I use my 401(k) to fund my child's college education? More
Published: 9 years, 4 month(s) ago by Natasha Nichols | permalink
Vote
Learn more about the drawbacks for using your 401k to fund your child's college education plans.

For further reading: https://us.axa.com/goals/saving-for-college/questions/should-I-use-401k.html ^[3]

1
- Vote
Tip 4
When Paying Off Debt With Your 401(K) Makes Sense More
Published: 9 years, 4 month(s) ago by Carina Centru 00e 9n | permalink
Vote
The experts warn against touching your retirement savings early, but there are situations where it is the best financial decision.
Tags: 401,student,debt,loan,credit,credit card,interest,penalty,tax,taxes,savings,retirement,financial,health,payment,budget,401k,students,retirement saving plan,fa seeker

For further reading: http://www.investopedia.com/articles/retirement/10/paying-off-debt-401k.asp ^[4]

1
- Vote
Tip 5
401K Rollover Money Used to Pay for College More
Published: 9 years, 4 month(s) ago by Allen Ng | permalink
Vote

Tags: 401K Rollover Money Used to Pay for College, about 401k rollover money used to pay for college, understanding the definition, covering tuition costs, additional resources

For further reading: http://college.lovetoknow.com/401K_Rollover_Money_Used_to_Pay_for_College ^[5]

About Author

presidentdubbya

More by presidentdubbya

No more topics...

About This Topic

Category: Fun | 9 years, 4 month(s) ago

14.4k+ Reads

5 Tips

5 Votes

0 Likes

3 Saved

Contributors

Natasha Nichols, Carina Centru 00e 9n, TARYN, Allen Ng, Cesar Zampieri

References & Citations

1. http://money.usnews.com/money/retirement/articles/2011/09/06/dipping-into-your-retirement-account-to-pay-for-college

2. http://www.ehow.com/how_2214466_use-401k-pay-college-tuition.html

3. https://us.axa.com/goals/saving-for-college/questions/should-I-use-401k.html

4. http://www.investopedia.com/articles/retirement/10/paying-off-debt-401k.asp

5. http://college.lovetoknow.com/401K_Rollover_Money_Used_to_Pay_for_College