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But as we know, if it does not outgain the alternative, then it is not a worthwhile cause. Plans have a 10% penalty that is assessed on the income portion of any distribution in excess of qualified higher education expenses as well as a penalty for withdrawals not made for a qualified use. Such penalties are on top of the federal taxes that now must be paid to due to non-qualifying use (Auster, 2003)...
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Plans have a 10% penalty that is assessed on the income portion of any distribution in excess of qualified higher education expenses as well as a penalty for withdrawals not made for a qualified use. Such penalties are on top of the federal taxes that now must be paid to due to non-qualifying use (Auster, 2003)...
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