Can I Use 401(k) for College Without Penalty?

Can I Use 401(k) for College Without Penalty?

Yes, you can use funds from your 401(k) and avoid an early withdrawal penalty if the distribution is based on hardship—that is, it’s an immediate and heavy financial need. Tuition and related educational fees and expenses are named expenses that can be immediate and heavy, per the Internal Revenue Service (IRS).8

https://www.investopedia.com/ask/answers/102714/can-savings-roth-401k-be-used-college-without-penalty.asp

 

所有跟帖： 

• 请您咨询您的会计师，以上建议仅供参考。 -ShowMeData- ♂ (0 bytes) () 09/09/2024 postreply 19:53:00

• 啊？是说交学费算hardship？就是说可以用？ -Bailey4321- ♀ (63 bytes) () 09/09/2024 postreply 19:53:38

• 算借吧，得还回去？ -我是谁的谁- ♂ (0 bytes) () 09/09/2024 postreply 19:55:24

• 是的，不合算。要交税和可能１０％罚款如果不到５９.５岁的话。 -ShowMeData- ♂ (696 bytes) () 09/09/2024 postreply 20:05:47

• 免10%罚金，该交的税照交 -TTFAN- ♂ (0 bytes) () 09/09/2024 postreply 20:06:11

• 也是。要是真好用，那大家早就知道了 -Bailey4321- ♀ (0 bytes) () 09/09/2024 postreply 20:09:36

• 比HELOC好，因为利息付自己，方便快捷，好像无需理由 -成功的兔- ♀ (0 bytes) () 09/09/2024 postreply 20:09:49

• 据说税后钱还，以后拿还要交税 -yzhl888- ♀ (0 bytes) () 09/09/2024 postreply 21:51:06

• 哪个贷款不是税后钱还？近几年报税都是standard deduction -成功的兔- ♀ (0 bytes) () 09/09/2024 postreply 22:19:15

• 这链接又看了一遍，要还回去有难度。yale学费生活费每年要10万吧？ -chinomango- ♂ (0 bytes) () 09/09/2024 postreply 20:47:23