LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
Yes, assets too high, so we could easily afford paying for college.I need to ask then why you were turned down for the financial aid because it sounds you played your cards right. Were your assets so high that their share of 5.2% made a big dent? I'm not familiar with FAFSA, many years until we need to read and fill it out.
Still it was a good 'problem' to have, right?
But not only that, they can see that a couple puts $46,000 a year into 401(k)s and lowers their taxable income. They expect a couple to stop that and use the money to pay for college instead. So while retirement plan assets are not included in the calculation, potential retirement plan contributions are.
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