0:00 How to use an IRA to pay off student debt
1:00 Can I use my IRA to pay my student loan?
1:25 What is a hardship distribution?
1:36 Can I use my IRA to pay for college?
2:21 Can I use my Roth IRA to pay for student loans?
If you have a lot of student debt, you may be able to use IRA funds to pay it off. Plus, if you are currently enrolled in school, you can get penalty-free use of your IRA funds to pay for higher learning expenses, such as tuition and books.
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About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
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i appreciate this as my wife and I are seriously thinking of doing this, as our combined 1k/month student loan bill would be better utilized in other investments that can be done through a brokerage ira. after watching several of your videos….now i wonder if i should take from the ira or maybe a loan from my new 401k?