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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8178  
Subject: Re: roth ira for teenagers Date: 8/2/2014 5:58 PM
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Retirement funds are not factored in on FAFSA, but colleges have their ability to factor in things the FAFSA does not consider when allocating aid. This is at least the case for private schools.

Even if the Roth all of the sudden becomes targetable for college tuition, so what. Establishing a retirement fund early on is such a strong motivator to get the kids interested in saving for retirement. Or that's our theory. We have funded the kids' Roths to the max allowed by law and will do so until 21. The early years of retirement saving are the most important years. Getting them to participate in their investments will hopefully encourage an interest. It has definitely encouraged an interest in earning more, since they know their pay is doubled by our Roth contributions.

IP,
admittedly not a recipient of FA
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