Using a ROTH IRA to Cover Educational Expenses

Most people think of a ROTH IRA as a method for saving for retirement, but it can also be used to cover college tuition. When people explore their options for saving for the children’s education, often times a 529 is a popular way to go. However, there are a lot of advantages to using a ROTH IRA to save for college, which should be considered as you make the decision on how you plan to save.