chemist asked: I am planning to work in my current position for two years and then go to school for a full time MBA graduate degree. can I contribute to my company’s 401k plan now and then withdraw the amount after 2 years to fund my college expenses without being subjected to the additional 10% penalty ? for this to happen, do I have to roll over the 401k savings to an IRA first, and then make the withdrawal for college expenses ? Are there any expenses involved in this process ?
Question posted courtesy of: Pauline

What is the procedure to use my 401k funds to pay for my college expenses ?