Get Smart About Using Roth IRAs for Education
Roth IRAs can be used as a savings tool for education. Money in a Roth IRA can be used to pay tuition. When you can take out money from a Roth IRA, the IRS will consider your contributions withdrawn first. If you take out more than you originally contributed and use the money for qualified education expenses, you will pay tax on the earnings, but no penalty on early distributions.
