at age 51 can you take a distribution from traditional IRA f

at age 51 can you take a distribution from traditional IRA for educational expenses for spouse dependent child or dependent grandchild

Solution

The changes made by Congress in the Taxpayer Relief Act of 1997 now allow a premature IRA withdrawal to be taken without penalty if used to pay qualified higher education expenses of the taxpayer or the taxpayer\'s spouse, child, or grandchild. However, the withdrawls are subject to regular income taxes .