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Putting money in a Roth can be a good plan; parents' retirement funds are generally not considered assets in financial aid formulas.

However -- you and your children should save early, save often, save as much as possible for college. Yes, this may decrease your children's eligibility for need-based financial aid. That's because they will have less *need* -- and they can look forward to graduating with less loan burden than their fellow students who had less savings for college.

See http://www.finaid.org/fafsa/maximize.phtml for strategies for maximizing your eligibility for need-based student financial aid.
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