#1 "This parent has an IRA, Keogh, or other tax-deferred retirement plan." (yes or no)
#2 "This parent has another retirement plan." (yes or no)
#3 "Enter the total current value of this parent's tax-deferred retirement, pension, annuity, and savings plans. Include IRA, SRA Keogh, SEP, 401(a), 401(k), 403(b), 408, 457, 501(c) plans, etc."
My parents have a roth ira. Do I need to report this on any of the questions above. I don't think that roth ira's are "tax-deferred." Does anyone know?
And also the Fafsa asks:
"Total amount in payments to tax-deferred pension and savings plans (paid directly or withheld from earnings), including, but not limited to, amounts reported on the W-2 Form in Boxes 12a through 12d, codes D, E, F, G, H, and S (question 95a)"
Once again, Do the payment my parents made to their roth's need to be included.
If the Roth IRA funds do not need to be reported, why not?