Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.

admittedly not a recipient of FA
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.