Archive - June 12, 2017

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IRA or 529?

IRA or 529?

After my post last week (Higher Education Expenses Paid From an IRA) I received a question from a reader: “If it’s possible to pay QHEE from an IRA then why would it be beneficial to contribute to a 529 specifically?” In today’s post I’ll cover the reasons you might choose an IRA or 529 plan. These two types of account will help you prepare for the twin future requirements of retirement and college expenses.

As covered in the prior post, an IRA plan can be used in part to pay for college expenses. This is allowed in the …

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