Hello, and thank you for advice.
I inherited my mother's IRA. 457 & 401K, just under $200k with Fidelity and some other monies I have invested with Oppenheimer & another. I have to take RMD that helps pay my property tax.
I don't currently work. I did some last year but mostly repair my house, ($$$!). I've never been good at making money but I'm decent at keeping it.
I just started a year long nursing program for a 2nd bachelors. The tuition is about $6k/term, 3 terms (with books) and my living expenses are low-ish but, I've put everything on a CC rather than pay it for miles and convenience. I've racked up maybe $6k That's probably dumb as I've paid a few hundred over time in fees by just paying min and some more.
Well, most everyone in my program has taken loans, which I've never done before. I used savings, parent planed money and scholarship for my 1st bachelors. Since it's a 2nd degree, no grants available.
Should I consider applying for low interest student loans to avoid taking money out of my growth funds, so it can keep growing and to avoid possibly having to take $ out of the IRA?
Edit: I'm paying living expenses by cashing in investments. Would there be any benefit in taking a loan?
Submitted January 09, 2018 at 10:31PM by 2manyQuestionsOy http://ift.tt/2ErD5WU
