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Reply to "Help me with my retirement!"
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[quote=Anonymous]OP, post your income and more details - will you get Social Security? Does your job have a pension? Your daughter might qualify for financial aid for college but the details are tricky. If your income is below a certain level, she might qualify for a Pell Grant which is about $7300. Some key details - I think that anything you contribute to a 401K or 403B is not included in your AGI when applying for financial aid. So if you are lower income and putting more into a 401K puts you under the threshhold for Maximum Pell grant - that would be worth considering... Especially because some colleges are specifically trying to attract more Pell Grant recipients to their colleges, and also qualifying for a Pell grant can open up more financial aid. In state colleges in particular. It depends what state you live in.[/quote]
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