http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.iraroth.net/2009/12/what-is-the-procedure-to-use-my-401k-funds-to-pay-for-my-college-expenses/ http://www.iraroth.net/2009/12/what-is-the-procedure-to-use-my-401k-funds-to-pay-for-my-college-expenses/#comments Wed, 09 Dec 2009 01:16:27 +0000 admin http://www.iraroth.net/2009/12/what-is-the-procedure-to-use-my-401k-funds-to-pay-for-my-college-expenses/ I am planning to work in my current position for two years and then go to school for a full time MBA graduate degree. Can I contribute to my company’s 401k plan now and then withdraw the amount after 2 years to fund my college expenses without being subjected to the additional 10% penalty ? For this to happen, do I have to roll over the 401k savings to an IRA first, and then make the withdrawal for college expenses ? Are there any expenses involved in this process ?

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