Gold egg

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The FAFSA formula only cares about retirement contributions for the 12-month period that the application covers. As I already mentioned, the contributions are considered untaxed income. The FAFSA, however, never asks about how much you have stashed away in retirement accounts because that is irrelevant for financial aid purposes. You could have millions sitting in retirement accounts, but it wouldn’t increase your EFC at all. Golden Egg, Investment, Egg, Easter, Stock Photos, White

The FAFSA formula only cares about retirement contributions for the 12-month period that the application covers. As I already mentioned, the contributions are considered untaxed income. The FAFSA, however, never asks about how much you have stashed away in retirement accounts because that is irrelevant for financial aid purposes. You could have millions sitting in retirement accounts, but it wouldn’t increase your EFC at all.

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