How old are you?

Is your retirement properly funded?

Don't let the advertisments for 529 Scare Plans make you think that funding
the college education is a higher priority than your retirement. Your first
obligation is not to be a burden to your children.

Once you can cover your emergancy expenses, retirement, long term care and
disability, then the kid's college fund.

For the pension distribution, it has to go into a rollover IRA first and
then to the Roth.

Hi there,

I have a couple grand in a Roth at Etrade. My plan was to grow this
for a while and use it as a college fund for my children, as I believe
I can take distributions tax-free if they are for higher education, or
at least distributions from my contributions, and not from the growth.
It was a while back when I came up with this plan.

Anyways, I have another couple grand from from ex-employers pension
fund. They have sent me a check with Etrade's name on it as well, to
send directly to Etrade.

I believe I need to put this in a Rollover IRA to avoid taxes. I want
to put it into my Roth to consolodate my education funds, but I then
have to pay taxes on some amount on it. So I can convert it to a
Roth, but then pay taxes.

Or should I just leave it in the Rollover IRA? Then, do I need to pay
taxes on the contributions when I withdraw for education? What are my
options for educational disbursement with that kind of plan?

Am I correct on all of this? Any advice appreciated...

oj