Using MEC to shelter assets, pay for college

thumper1
Wed, 21 Jul 2021 20:55:22 +0000

politeperson:

, the best place to “shelter” savings from aid calculations is in retirement accounts

Remember, the financial aid forms will add back in as income any contributions to tax sheltered retirement accounts you make. So what retirement accounts would offer significant shelter? There is a dollar limit to what one can put in a Roth IRA annually.