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12-16-2006, 03:22 PM
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#1 |
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Thinks s/he gets paid by the post
 
Join Date: Jun 2006
Posts: 3,703
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Roth Conversion and College Financial Aid
I'd like to do a Roth conversion this year, but I'm concerned that the college will somehow treat it as higher income, and give less financial aid. Alternative is to wait 'til college is over and do it then.
What do you think?
__________________
- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
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12-16-2006, 03:47 PM
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#2 | |
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Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 15,095
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Re: Roth Conversion and College Financial Aid
Quote:
You could call the college and ask to see the rules in writing, but I'd hesitate to do a Roth IRA conversion in the year before filling out a FAFSA and for all the college years.
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12-20-2006, 09:59 AM
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#3 |
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 3,703
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Re: Roth Conversion and College Financial Aid
Yes, I think you're right. I'll have plenty of time to do the conversions after she graduates.
__________________
- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
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