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2. Can a Roth IRA be used for college?

   www.aol.com/finance/roth-ira-used-college...

   In other words, using a Roth IRA for college can reduce eligibility for need-based aid. However, the impact depends on the amount of money withdrawn and which year of school the distribution is made.

3. 529 plan vs. Roth IRA: Here’s how families can use both to ...

   www.aol.com/finance/529-plan-vs-roth-ira...

   Here are the pros and cons of using a 529 or a Roth IRA to pay for college. ... to a Roth IRA can be withdrawn tax-free and penalty-free if used for higher education expenses, assuming the account ...

4. My wife and I saved up $73,000 in 529 college savings plans ...

   www.aol.com/finance/wife-saved-73-000-529...

   As of 2024, you may be allowed to roll over up to $35,000 in unused funds from your 529 plan into a Roth IRA account for the beneficiary — the idea being that these unused funds can help ...

5. You can now move any money left over in your 529 college ...

   www.aol.com/finance/now-move-money-left-over...

   Rolling 529 funds into a Roth IRA can give the beneficiary a head start on retirement savings, with benefits like tax-free growth, flexible investment options and no required minimum distributions ...

6. Roth IRAs: What they are, how they work and how to open one - AOL

   www.aol.com/finance/what-is-a-roth-ira-123943445...

   Since you use after-tax funds to contribute to a Roth IRA, you can withdraw your contributions at any time. However, any earnings you withdraw can come with a tax penalty.

7. Should I Open a Roth IRA for My Kids in 2024? - AOL

   www.aol.com/open-roth-ira-kids-2024-073000916.html

   Your child's income must be below a certain threshold to contribute to a Roth IRA. You can contribute up to 100% of your child's earned income to the Roth IRA, with a maximum limit of $7,000 for 2024.

8. 7 best ways to invest while you’re in college

   www.aol.com/finance/7-best-ways-invest-while...

   A Roth IRA can be another great way to get started investing for retirement. Contributions to Roth IRAs are made with after-tax dollars, so there won’t be any tax savings immediately, but your ...

9. How to pick the best 529 plan - AOL

   www.aol.com/finance/pick-best-529-plan-173608708...

   A 529 plan can offer tax-deferred growth on your contributions, a tax-free withdrawal of money and even tax deductions on your state taxes. And these funds can be used to pay for other closely ...