Don’t Pay For College With Retirement Funds
It can be tempting.
CNBC reports.
Don’t raid retirement accounts to pay for Johnny’s college
With kids heading off to college this fall, it’s tempting for parents to do just about anything to come up with the money to pay for their education, even if it means raiding their retirement funds.
I have some advice for you: Don’t follow this temptation.
Digging into retirement funds early — whether it’s for something worthwhile, such as college tuition, or something less pressing — can wreak havoc on your golden years.
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