Quote:
Originally Posted by hausfrau
This is a fantastic idea. It never occurred to me to do this. This is something I would like to do too. If a kid has a Roth, does it affect their college financial aid since it's their asset? I don't think we will qualify for aid anyway, so it's probably moot.
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Retirement accounts, including Roth IRAs, traditional IRAs, and 401(k)s, are not included at all on the FAFSA. Most schools use FAFSA.
Some schools, mostly highly prestigious ones and selective liberal arts schools, use CSS Profile. CSS Profile may include retirement accounts, I'm not really sure.