by Cauliflower on March 7th, 2009

Cauliflower

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Can I withdraw money from a mutual fund to help pay for my son's college education?

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  • by Pete on March 7th, 2009

    Pete

    You cna always cash out of a mutual fund unless it's in a 401K or IRA. Even then, you can do so without a penalty under some circumstances. I believe that payment for college education may qualify to cash out a portion without penalty, but you should find out from your fund administrator.

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