Using Retirement Accounts to Save for College
If you have kids, you are probably thinking about saving for college. But it may be a better bet to increase your contributions to your retirement accounts. Money you’ve put in a retirement account can be withdrawn without penalty, but funds in a college savings plan (a 529) cannot be withdrawn without a penalty if they are used for anything but college.
Savannah West Apartments in Kansas City, Missouri hopes that these helpful tips will assist you in improving your overall daily lifestyle. Keep this tip in mind when you’re thinking about ways to save for your children’s college funds.