Conference nyoss1::market_investing

323.0. "avoiding IRA penalties" by DECWIN::VANDERPOOL (ZK3-2/s33 381-2423) Wed Dec 02 1992 10:06

   After digging around in past notes, dated years ago, it was 
   mentioned that the only way to avoid paying the 10% penalty
   on the disbursement of your SAVE money, was to:

     1)  roll it over into an IRA or other employers pension fund
     2)  use it for medical emergencies

  But it was also mentioned that it could be used for an individuals 
  college tuition expenses. Given the theme of past notes I've read, I
  believe that this cannot be done.

  But, in this topic stream, it was mentioned that:

>>    Take a look at the form (5329, I think)
>>    and at the bottom it shows the other exceptions...there are a half
>>    dozen or more that might help.

  Does college expenses fall in this "half dozen"?

+Russ