Roth IRA/student loan
Hi Terry, I am retired collecting social security and a pension. Would it be a good idea to withdraw from my Roth IRA to pay down a Parent Plus student loan while there is no interest? Thank you.
Terry Says
You will know if there are any “deals’ offered within a few weeks, since studentloan interest payments are scheduled to resume on September 1st. It’s a warning to others that you are retired — and still paying on your parent student loans! Depending on your total liquidity and assets, I would agree that it’s time to pay off the balance on that student loan when payments resume.
