Bichon Frise wrote:personally, I would take the difference from your Roth. Without judging what you are actually doing, the roth will be most likely be tax and penalty free b/c of the ordering rules for non-qualified distributions, direct contributions come out first, tax and penalty free. You most likely have $4400 in basis. I would try and soften this blow by hustling as much work as you can, as you'll be loosing an opportunity more than money.
I'm not an advocate of hoping someone dies (or complicated family matters being sorted out) for my financial plan to work out. But, that is just me....
Are you serious? Where do you get off saying that to anyone? First of all I would be more than just fine without the money.
Second I'm not hoping for anyone to die. My grandfather - one of the most important people in the world to me - died months ago. I know of the inheritance because I received notification from the estate. Of course I would rather have him here than the money. The difference between me and you is that for me that goes without saying. You prefer to assume the worst of people.
Thanks for not "judging" me on the Roth distribution and providing me with your "advice." Not sure why you go on about ordering rules for non-qualified distributions. Qualified educational expenses are an exception to the rule, which I stated in my last post. Maybe you wouldn't have missed that if you weren't in such a rush to make a snarky comment.