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Money and Finances
Reply to "Those retirement planning seminars with free dinner.."
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[quote=Anonymous]I get these postcards, too, probably because of my zip code. Never been to one, but our local high school offered a presentation about the "Secrets of Paying for College" or something like that put on by one of these money managers. I did attend the HS presentation and the advice was basically "don't put your money in a 401(k) (except for whatever you need to get matching), let us manage it for you." The only specific thing that I remember them saying is that FAFSA doesn't exclude your retirement savings in its calculations. That's probably true; FAFSA predicts that I am full pay. But DC's school offered us aid. My understanding is that the schools get the information from FAFSA, but the school may look at your post-retirement-savings income (or adjusted gross) instead of your gross. Hard to believe that the HS keeps inviting them back.[/quote]
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