I’m contemplating using my retirement funds to help pay for my school and living expenses while pursuing a nursing degree. Is this a foolish idea?
For context:
- I have about $50k between a Roth IRA and 403(b).
- $5k in a CD (emergency fund).
- $3k in bitcoin.
- $5k in cash.
- No debt, no kids, and I’m 30 years old.
- I also have access to a subsidized Stafford loan for $2,250.
Expenses:
- Living expenses: $1,600/month.
- Tuition: $3,100/semester.
It should take me 5-6 semesters to complete the prerequisites and an ADN program.
How should I approach this? I’m willing to pick up part-time work, but I’d like to focus on classes initially.