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Retirement funds are not considered on the FAFSA, though the required RMDs will be considered both as income and assets if not spent. If they are of age, they also have the right to take a lump sum with the disbursement being fully taxed and the resulting funds being subject to RMD.

Having worked since the age of 14, Eldest has a Roth. It was not factored into the Fafsa. Nor were any of our retirement accounts.

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