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IRA withdrawal for education with student loan at the same time
I wouldn't normally consider this but, I want to increase the liquidity of my assets during this time of uncertainty.
I'm in grad school and have already taken out student loans for my qualified education expenses. I also have an IRA and I know that I can withdraw without penalty to pay for qualified education expenses.
Can I withdraw from my IRA to cover qualified expenses, even though I've already taken the student loan money?
‎June 24, 2020
9:04 AM