Can you withdraw IRA funds early to pay student loan debt off?
Posted in Debtor on 05/13/2010 06:13 am by
Redcat23 asked:
If I wanted to take money out of an IRA that was a rollover from a previous 401k to pay off student debt of my wife of 11 years in the amount of $70K, can I consider this an exception to the 10% additional tax rule? Thanks
Lucy
If I wanted to take money out of an IRA that was a rollover from a previous 401k to pay off student debt of my wife of 11 years in the amount of $70K, can I consider this an exception to the 10% additional tax rule? Thanks
Lucy