2018-2019 FAFSA... Here we go

wnance
Wed, 03 Jan 2018 19:35:05 +0000

Just read about the IRA rollover error in the DRT in post #36

This just happened to me this past week! Unfortuntely, I found this forum after I filed the FAFSA and tried to find an explanation that my EFC was 62955 instead of 27000. Unbelievable to me that FAFSA hasn’t fixed this error, since clearly you brought it to their attention.

My non-profit employer did a one time rollover of all of the employees 403B’s into a much better set of funds with much lower basis point and fees. It was a great decision, and a win/win for everyone. Unfortunately, it means that box 16a has our entire combined retirement account amount, since my wife and I work for the same employer.

So our EFC is around $35000 too high, based on the other estimate sites out there. Not fun.