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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