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Reply to "How to pay for college: specific scenario "
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[quote=Anonymous]How old are you? How far away are you from retirement? Assuming you have less than 20 years to retirement, I would stay away from those (though IRAs can be used for college with no penalty). However, I would consider tapping into your non-retirement investments to the extent you have any. If so, post the amount and how many children. Otherwise, I would suggest that the kid take out loans if he wants to stay at the school he is at assuming there are no grandparents or childless uncles or aunts who want to contribute. Finally, all of your over 14 year aged kids need jobs in the summer and babysitting or other weekend jobs for the rest of the year. One third goes into an account that they use for spending money and books. I graduated [/quote]
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