{"id":7792,"date":"2018-05-11T15:41:23","date_gmt":"2018-05-11T22:41:23","guid":{"rendered":"https:\/\/www.lee.org\/blog\/?p=7792"},"modified":"2020-07-16T22:01:01","modified_gmt":"2020-07-17T05:01:01","slug":"paying-for-higher-education-with-a-roth-ira","status":"publish","type":"post","link":"https:\/\/www.lee.org\/blog\/2018\/05\/11\/paying-for-higher-education-with-a-roth-ira\/","title":{"rendered":"Paying for higher education with a Roth IRA"},"content":{"rendered":"<p>If you have been contributing to a Roth IRA and now you&#8217;re going back to school, you&#8217;ll want to read this!<\/p>\n<p>You can take out the money that you&#8217;ve put into the account to pay for higher education and pay no taxes or penalties! I know this works because I did it recently to cover part of my expenses for my master&#8217;s degree in occupational therapy. It may take some effort to go back over your records and figure out how much you contributed vs. how much interest you&#8217;ve earned but it&#8217;s well worth it. My (very expensive) tax preparer couldn&#8217;t figure out how to file it but Turbotax was on the ball with this!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have been contributing to a Roth IRA and now you&#8217;re going back to school, you&#8217;ll want to read this! You can take out the money that you&#8217;ve put into the account to pay for higher education and pay no taxes or penalties! I know this works because I did it recently to cover [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-7792","post","type-post","status-publish","format-standard","hentry","category-school"],"_links":{"self":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts\/7792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/comments?post=7792"}],"version-history":[{"count":0,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts\/7792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/media?parent=7792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/categories?post=7792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/tags?post=7792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}