Excluding Real Estate Equity for EFC Calculation

brantly
Wed, 21 Dec 2022 02:59:06 +0000

blossom:

Max out on your 401K, IRA or whatever is available to you given your employment status before you do anything else “for retirement”. There is one reason why I recommend that to everyone- even to folks who like to argue with me that they can get much better returns elsewhere.

Agree. And, OP, you are a business owner. You could open an individual 401(K), which has MUCH higher annual limits than an employee 401(k). In 2022 you can contribute (tax-deferred and shielded from FA calculation) up to $61,000! You could have been doing that every year.

Details of solo 401k plans | Vanguard.