You'll need to sign in or create an account to connect with an expert.
That’s the reality of tax law.
More bad news: Taking money out of a 401k, before age 59.5, is subject to a 10% penalty. 401(k) withdrawals for educational expenses do not qualify for an early withdrawal penalty waiver, but IRA withdrawals do.
Consider taking a loan form your 401k, instead.
Rolling over the 401k to an IRA (not Roth) first would avoid the penalty, but you'd still have the too much income problem.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cboharvey
New Member
kare2k13
Level 4
charlesperera17
New Member
krlosv18
New Member
Rican1
New Member