Can I Use Roth 401K To Pay For College?

1. 

   37376 POINTS

   view profile
   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   You can use a Roth IRA to accumulate money for college. The withdrawal will not trigger the penalty tax. A Roth 401(K) is a plan developed by your employer. Each employer establishes criteria to determine when withdrawal might be taken. You would need to consult with the plan document. You will need to include any money used to pay college expenses on the FAFSA the following year.

   Answered on November 3, 2014

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.