SQL Date and Time Data Types and Functions. SQL Dates. The most difficult part when working with dates is to be sure that the format of the date you are trying to insert, matches the format of the date column in the database.
Tuesday, September 3, 2013. Using IRA Distributions to Pay Tuition and College Housing. IRAs (Individual Retirement Accounts), 401(k) plans, and other retirement accounts are supposed to be used for retirement purposes, and there is a 10% penalty on early withdrawals to persons younger than 59-and-a-half years old.
You can also borrow from your 401(k). Penalty-free Withdrawals from Individual Retirement Plans. Normally, if you withdraw money from a traditional or Roth IRA before you reach age 59-1/2, you would pay a 10% early distribution penalty on the distribution, in addition to any regular income tax due.There is, however, an exception for distributions used to pay qualified higher education expenses. This effectively turns a traditional IRA into a tax-deferred college savings vehicle. 2  If you limit your withdrawals from a Roth IRA to just the contributions, the distribution is tax and penalty free when used for qualified higher education expenses.