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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I dont get shielding primary home.

This idea - "we dont expect you to sell your home" is so weird. They do expect you to sell your stocks. It pretends like there aren't completely normal financial tools to take some money out of your equity.

[/quote]they don't if the stocks are in retirement like 401k or ira. [/quote]

but why should they care? it really favors white collar people who have had jobs that allowed this - and maybe even matched this. you need earned income to even do this. so that leaves out a lot of people. or maybe some people couldn't contribute during a period of years in their life. and then they make some windfall - they sell that business or get an inheritance. You can't shift that much into a retirement account, but you might very well consider that money your retirement.

[/quote]no, self-employed people can contribute to (self employ) 401k and IRAs

Yes it may be strange. But not anymore strange than the holistic admissions process that precedes it. [/quote]

of course. that's what we do. but there are people with much lower earned income who can't do this ie most Americans.

and for sure some people have access to mega back door Roths than other people. I had a lawyer friend who, in one year, shifted over 1mm into a roth (on income that was under 250k).

as usual, some rich people can find loopholes.

just dont know why we protect any one thing over another. it should be much simpler - spell out how much ALL your assets are worth and then colleges can take 1 or 2 percent instead of 5.6% of non-protected assets and 0% of your home or retirement. [/quote]But at least we're not India or China or Korea and we admit strictly on an entrance exam and charge reasonable tuition

right? right? [/quote]

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