Quote:
Originally Posted by pqrstar
Yes, but they have to have earned income up to the amount funded.
and they can't withdraw without penalty until they are 59 1/2.
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Right. After my post, I did a little research. There really doesn't seem to be any good reason to use Roth as a college saving vehicle . In fact, the Vanguard site implies that it's not a good idea at all.
OTOH, if you want to save for grandkids' retirement, it's appropriate...and what lucky grandkids.
