We have a son in college and would like to withdraw funds to pay for his tuition. Is there a penalty for this?
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We have a son in college and would like to withdraw funds to pay for his tuition. Is there a penalty for this?
Withdraw from what?
If you take money out of savings or money market, no problem. However, if you pull from an IRA or other tax shelter you will face a penalty. Get back to us with additional details.
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