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Personal Finances / Living Below Your Means


Subject:  Re: OT: FAFSA vs. E-fund Date:  10/9/2012  1:11 PM
Author:  yddeyma Number:  867999 of 908280

Consider if people could do what you thought of and earmark funds as "not for college use".

But people already do this....when they put stuff in retirement accounts. This still gets included on the form but it does not get "counted" like a regular cash account because it has been "earkmarked" for something else (in this case, retirement). My question really is are there any other accounts like this that I can utilize for my e-fund?

Worse case, I guess I can use my contributions to a Roth as my e-fund, and draw down my cash account. By the time my kids go this strategy should not effect my retirement savings.
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