Did you know you can penalty free withdraw from your IRA for specific uses as discussed in the attachment?
Would the upfront tax deduction and tax deferral until withdrawal not available for a 529 Plan “be of more benefit” than the tax-free income accumulation of a 529 Plan?
IRA offers other flexibility on withdrawals for medical expenses and First Time Homebuyer Withdrawals. IRA does not have to be used exclusively for Education as a 529 plan requires.
What is best for you? Contact us to discuss.