Roth IRA





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College Discussion Forums: Financial Aid and Scholarships: September - November 2003 Archive: Roth IRA
By Fishmom (Fishmom) on Monday, October 06, 2003 - 03:03 pm: Edit

Hello

My son works and has a small amount of savings in a Roth IRA. When he fills out the FAFSA, is this considered an "investment" or is it OK to leave it out?

Thanks,

fishmom

By Vadad (Vadad) on Tuesday, October 07, 2003 - 03:43 pm: Edit

Well, it seems to it is a retirement account by definition. Aren't retirement accounts specifically excluded from consideration as available assets? I don't know for sure; probably someone at DOE could answer the question definitively.


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