Should I have my Roth IRA income for payments of student loans?
August 11, 2010 by admin
Filed under Student loans
I started a Roth IRA last year (2008) with $ 5,000. However, I have eight reports of Student loans and have decided that I would pay more than two Student loans (about $ 4,000) is the Geld.Da the current value of my IRA $ 4300 because the market, I be able to withdraw the right to tax free? I also pay the 10% early withdrawal penalty or not? Would it not be described as a cost of higher education? Thank you for the help and advice.
They could not wait another year for deferment of student loans. It would be cheaper I think, to take the advantage of being on the Suppression of the IRA. If you wait a year to recover the market, your portfolio should be worth more.
No, it is unacceptable that the cost of higher education. If you took the loan and used the proceeds to pay the school, which was the cost of higher education. You do not get the cost of doing double claims. . . even if you took the loan and again when you try to pay.
I was just another way to pay without cash out. But if you do that, no, there is no penalty because you have already paid taxes on it.