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	<title>Comments on: Q&amp;A: Using IRA Funds to Pay Off a Student Loan</title>
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		<title>By: Favour martins</title>
		<link>http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/comment-page-1/#comment-270682</link>
		<dc:creator>Favour martins</dc:creator>
		<pubDate>Mon, 13 Feb 2012 15:56:49 +0000</pubDate>
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Best Regards</description>
		<content:encoded><![CDATA[<p>FINANCIAL SERVICE ANNOUNCEMENT</p>
<p>Good Day Sir/Madam:</p>
<p>Getting a legitimate loan have always been a huge problem To clients who have financial needs. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But FAVOUR FINANCIAL INC&#8230; has made that difference in the lending industry. We can arrange for a loan from the range of $5,000. to $500,000.000</p>
<p>Our Services Include the Following:<br />
Debt Consolidation<br />
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<p>No social security and no credit check, 100% Guarantee. All you have to do is let us know exactly what you want and we will surely make your dream come true. FAVOUR FINANCIAL INC. says YES when your banks say NO. Lastly, we fund small scale loan firm, intermediaries, small scale financial institutions for we have unlimited capital. For further details to go about procuring a loan contact us, Kindly respond immediately to this  <a href="mailto:favourlending234@gmail.com">favourlending234@gmail.com</a></p>
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<p>Have you applied for loan before (yes or no)..</p>
<p>Best Regards</p>
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		<title>By: dave</title>
		<link>http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/comment-page-1/#comment-257732</link>
		<dc:creator>dave</dc:creator>
		<pubDate>Fri, 25 Nov 2011 17:25:47 +0000</pubDate>
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		<description>Hi,

  I have decided to pay off my sons edu.total cost of about 200,000/-.However,I am 66 yrs.old so i can withdraw it without penalty but having to pay fed.taxes.

   What should you suggest the best way to do this without losing much.

   Thanks 

Dave.</description>
		<content:encoded><![CDATA[<p>Hi,</p>
<p>  I have decided to pay off my sons edu.total cost of about 200,000/-.However,I am 66 yrs.old so i can withdraw it without penalty but having to pay fed.taxes.</p>
<p>   What should you suggest the best way to do this without losing much.</p>
<p>   Thanks </p>
<p>Dave.</p>
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	<item>
		<title>By: Marsh</title>
		<link>http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/comment-page-1/#comment-117745</link>
		<dc:creator>Marsh</dc:creator>
		<pubDate>Wed, 04 Jun 2008 13:53:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/#comment-117745</guid>
		<description>IRS Pub 590 page 54 states to include QHEE &quot;paid with any of the following:  ...a loan...&quot;

Based on that, I wish we could use IRA funds to payoff or pay down a student loan. However, I&#039;ve seen several experts state that loans from previous tax years do not qualify.</description>
		<content:encoded><![CDATA[<p>IRS Pub 590 page 54 states to include QHEE &#8220;paid with any of the following:  &#8230;a loan&#8230;&#8221;</p>
<p>Based on that, I wish we could use IRA funds to payoff or pay down a student loan. However, I&#8217;ve seen several experts state that loans from previous tax years do not qualify.</p>
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		<title>By: Wayne</title>
		<link>http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/comment-page-1/#comment-80525</link>
		<dc:creator>Wayne</dc:creator>
		<pubDate>Fri, 14 Sep 2007 20:29:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/#comment-80525</guid>
		<description>I agree. 

I would probably also advise the 529.  Ohio also gives a state deduction (maxed at $1000 per spouse).

Either way, the key is to save.</description>
		<content:encoded><![CDATA[<p>I agree. </p>
<p>I would probably also advise the 529.  Ohio also gives a state deduction (maxed at $1000 per spouse).</p>
<p>Either way, the key is to save.</p>
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		<title>By: Walt Padabney</title>
		<link>http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/comment-page-1/#comment-80380</link>
		<dc:creator>Walt Padabney</dc:creator>
		<pubDate>Fri, 14 Sep 2007 01:15:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/2007/09/13/qa-using-ira-funds-to-pay-off-a-student-loan/#comment-80380</guid>
		<description>To the prior comment... unless you start real early and want to use Ed. IRA dollars for private primary education, then the better option is the 529 plan.  Easier to keep control and establish and many states give a state income tax deduction on contributions... Like our friends in Oklahoma.</description>
		<content:encoded><![CDATA[<p>To the prior comment&#8230; unless you start real early and want to use Ed. IRA dollars for private primary education, then the better option is the 529 plan.  Easier to keep control and establish and many states give a state income tax deduction on contributions&#8230; Like our friends in Oklahoma.</p>
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