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Reply to "We are not saving for college"
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[quote=Anonymous][quote=Anonymous]For those of you saving for retirement: if you have any chance at all of being eligible for financial aid, I hear the colleges will take anything you saved in a college account, but they will leave most or all of your retirement account because they know you are nearing retirement by the time your kids go to college.[/quote] I can confirm this is correct. Most financial aid formulas don't look at assets in retirement accounts, so it is in your best interest to fund these as much as possible.[/quote]
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