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Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121261  
Subject: Re: 529 plans Date: 11/17/2013 3:13 PM
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Did you or the kids have substantial non-retirement account savings? What in the EFC formula tripped things up, or was it the school they were going to? It is a strange fact of college life that you can go to an expensive school like Princeton and pay little, or a state school, particularly and out of state state school, and pay through the nose.

The kids didn't have much in the way of non-retirement assets, but yes, we have significant non-retirement assets, so maybe that was it. Either way, I'd love to hear how it works out for you because I would think that being retired would also be treated differently than when I was out of work because there was an expectation that I would return to work.

That said, I've never been under the impression that only saving in retirement accounts is sufficient to fund our retirement, and that's why we have significant non-retirement assets. I think you're younger than me, so IRA's and 401k's already existed when you joined the workforce, where they did not exist yet when I started working.
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