Don’t traditional and Roth IRAs allow me to withdraw funds for education expenses?
A. Traditional and Roth IRAs do offer penalty–free withdrawals for qualified higher–education expenses, but you may still need to pay taxes on those withdrawals. In contrast, withdrawals from a Coverdell ESA are both tax–free and penalty–free if used for qualified education expenses. This article is not intended as tax advice. Contact a tax professional.
