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| noksagt |
 Posted: Thu Jun 23, 2005 4:19 pm Post subject: |
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Member of the Month! March
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| ladyelle wrote: | | Most college financial aid calcuations do not include parents retirement accounts. | Exactly. They don't consider ANY retirement vehicles. So I'd suggest maxing your 401(k) & IRA. If your kids work, encourage them to put money into their IRA. Whether you want to do this by giving them a gift of a comparable amount if they do it is a personal choice. |
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| raspberry24 |
| Posted: Sat Jun 25, 2005 5:24 am Post subject: |
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Member of the Month
May
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When I was getting ready to go off to college people said you were better off burying your money in the backyard.
My parents put some of their money in my grandparents account to hide the money when applying for aid. |
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