But home equity and I’m saving this money for a home is not the same thing. I’d make sure that a home is purchased in order to take that money off the table. And I would check dates to ensure it doesn’t get counted for a specific year.
I’ve seen posts where folks have posted that they have 200K from an inheritance or 50K in stocks or a second home but they don’t think it should be counted in FA. Well, seems like it will be. I have a friend who has saved a couple of hundred thousand for her kids for college, she intends to use it. Another friend was complaining that she has to sell her second house or use the rental $ for college. What?? Or course all assets are considered (one of my SIL’s took a Heloc out to pay for college for her kids).