My EFC is $46K?!?!

50isthenew40
Sat, 20 Feb 2010 16:54:28 +0000

What I am confused about is the high level of assets that are not in retirement accounts. For us, the savings that we have that are not for retirement is the money we saved for our kids’ college. We are now spending that on their tuition.

If a family has kids about to start college, and they have already funded their retirement, what is the purpose of their savings?