Minnesota Governor Tim Walz withdrew $135,000 from his retirement account for daughter's college in 2022.

Minnesota Governor Tim Walz, a vice-presidential candidate, withdrew $135,000 from his retirement account in 2022 to pay for his daughter's college education. Financial experts typically advise against such early withdrawals due to their negative impact on retirement savings, potential tax penalties, and loss of growth potential. In 2023, Walz and his wife earned about $300,000, while his Republican opponent, Senator J.D. Vance, reported earnings of $1.2 to $1.3 million in 2022.

September 09, 2024
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