<p>Which worksheet did you go through?</p>
<p>For government aid through FAFSA, money in formal retirement accounts is not reported. For schools using CSS profile or their own form, it is usually reported but only the schools know how the number is used. Savings for retirement not in formal retirement accounts and general savings is reported for both.</p>
<p>Is your dad retired now? More important than savings is what his income is.</p>
<p>Are you a HS senior? </p>
<p>My general observation is that young folks usually don’t have enough life experience to know what constitutes “plenty of money”.</p>