pay the way
INVEST IN YOUR FUTURE EARLY.
The FAFSA does not require you to list
assets you may have in the form of IRAs
or 401(k)s. You can therefore safely put
away money for retirement without having
to worry about it counting against you for
your child’s federal financial aid eligibility.
However, your prior year’s contributions to
retirement accounts may count as income
on the FAFSA, so if you have money in a
savings account that you plan to invest for
retirement, try to do so at least two years before your child is ready to apply for college.
SELL YOUR SECURITIES
SOONER RATHER THAN
LATER.
Money gained through selling stocks and
bonds up to a year prior to filling out the
FAFSA is considered income that can
count against your child’s eligibility for
federal aid. If you have securities that you
want to sell, try to sell at least two years
before your child’s college years to prev [