Contradictions and Mysteries in Financial Aid

[BelknapPoint]

Are these Roth IRAs or some type of other Roth? If yes, first, you would NOT report that as part of your tax deferred contribution that gets added back since you did not get a deduction for making this contribution. You may have to include it as part of your general retirement funds when you report what you have in all of your retirement funds (401k or IRA) together (not sure). Any income or profits in this Roth account that stay within this account are NOT income and grow tax free (subject to certain rules on what happens when you go to take this money out at retirement or earlier).

Good point about Roth IRAs, which are of course “post-tax” retirement accounts, but also are qualified retirement accounts. I should have qualified my answer in post #10 as addressing non-qualified retirement accounts.