Can you withdraw from a deferred compensation account for college expenses?

The taxable amount of any distributions from a deferred compensation plan will be added to all of your other gross worldwide income and tax at your marginal tax rate for the year of the distribution.

Go to the IRS gov web site and use the search box for Publication 575, Pension and Annuity

go to Tax on Early Distributions

Distributions received before age 59 1/2 are subject to an early distribution penalty of 10% additional tax unless an exception applies. For more information about the treatment of retirement plan distributions, refer to Publication 575, Pension and Annuity Income.

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