Should You Tap Retirement Savings to Fund College?
There are three things to consider before dipping into retirement savings to pay for college.
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Don’t wait until you’ve reached the point where you feel pressured to make major retirement decisions.
Sometimes navigating your finances can feel like swimming against the tide, but with some financial wellness goals to keep you afloat, you can keep swimming until you reach calmer waters.
401(k) savings are taxed as ordinary income when funds are withdrawn.