M Madhatter Senior Member 15+ Year Member 20+ Year Member Joined Aug 21, 2003 Messages 290 Reaction score 0 Points 0 Age 44 Jun 29, 2005 #1 Members do not see this ad. I need to reduce my EFC for next year, will contributing to a Roth IRA help me do this???
Members do not see this ad. I need to reduce my EFC for next year, will contributing to a Roth IRA help me do this???
B bl2seq Junior Member 7+ Year Member 15+ Year Member 20+ Year Member Joined Aug 27, 2003 Messages 12 Reaction score 0 Points 0 Jul 22, 2005 #2 I think so. Your retirement money doesn't count towards your assets. You can check the EFC formula to make sure. Madhatter said: I need to reduce my EFC for next year, will contributing to a Roth IRA help me do this??? Click to expand...
I think so. Your retirement money doesn't count towards your assets. You can check the EFC formula to make sure. Madhatter said: I need to reduce my EFC for next year, will contributing to a Roth IRA help me do this??? Click to expand...
N nontradappl Junior Member 10+ Year Member 5+ Year Member 15+ Year Member Joined Jan 19, 2005 Messages 36 Reaction score 0 Points 0 Jul 22, 2005 #3 Madhatter said: I need to reduce my EFC for next year, will contributing to a Roth IRA help me do this??? Click to expand... what about gift money of <=$11,000? If your looking to remain more liquid, I've heard of people giving a "gift" to someone in hopes of a return "gift" at some point down the road? Any others heard of this?
Madhatter said: I need to reduce my EFC for next year, will contributing to a Roth IRA help me do this??? Click to expand... what about gift money of <=$11,000? If your looking to remain more liquid, I've heard of people giving a "gift" to someone in hopes of a return "gift" at some point down the road? Any others heard of this?
