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-   -   Withdrawing Funds for College Tuition (https://www.askmehelpdesk.com/showthread.php?t=136962)

  • Oct 4, 2007, 06:50 AM
    Tammieh1
    Withdrawing Funds for College Tuition
    We have a son in college and would like to withdraw funds to pay for his tuition. Is there a penalty for this?
  • Oct 4, 2007, 06:59 AM
    ScottGem
    Withdraw from what?
  • Oct 4, 2007, 07:40 AM
    ballengerb1
    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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