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Use your Roth IRA to save for both retirement and college Contributing to a Roth IRA can be a good strategy to save for children's college education and retirement, according to Forbes. A Roth IRA is not subject to taxes as well as minimum required distribution, allowing clients to withdraw their contributions to pay college tuition without making any adjustments to fluctuations. Clients also face no income limits for converting regular IRAs or rolling over previous 401(k) money to a Roth IRA, and can make tax-free withdrawals for purposes other than their children's college fees. -- Forbes
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