How do I decrease my EFC?

rainmama
Fri, 11 Jan 2008 20:10:36 +0000

goaliedad - Thanks for that explanation of a Roth IRA; I’ve never investigated those, but it’s interesting that it can actually help shield income in the short run. Am I correct in guessing that this would be a reasonable strategy if one is within 5 years of retirement age? In otherwords, within 5 years of having to pay tax on withdrawals if we continued to do tax-free contributions to a traditional IRA?