Can I Use a Roth IRA to Pay for College?

Which is better a public or private college?

Whether you have children or grandchildren that are looking to receive a college education in the future, you’ll be considering the ways in which you can effectively and efficiently put money aside to help them pay for college. There are several ways that you can do this, including utilizing your Roth IRA or setting up a 529 college savings plan. What is a Roth IRA? Before discussing the effectiveness of using a Roth IRA as a means to pay for college, it’s important to first identify exactly what it is. For those that aren’t familiar with this term, a Roth IRA is a type of retirement account that’s tax-free.  Any withdrawals made from it when you hit retirement age are … Read more

How to Save Money on Your Mortgage

Why is my house not selling?

Everyone wants to save money on the cost of owning a home, but very little people know how to save money on your mortgage.  A large monthly expense that many people can struggle to pay, it’s good to know efficient ways of decreasing your monthly payment so that it’s more manageable, and how to pay off your home loan quickly so that you don’t have years and years left on the term. The Perks of Paying Your Mortgage Early  You’ll own your own home – the sooner you’ve paid off your mortgage, the sooner you’ll own your own home. This helps to give you peace of mind that it won’t be repossessed if you ever miss a payment on it. … Read more