<p>Hi, my first post here.
I have a simple IRA (i’m a parent), that I want to convert into my roth ira. I can do this, all I have to do is pay taxes now (claim as income) on the money I transfer. My taxable “income” will be $25,000 more this year as a result. Will this affect my fafsa award? I would think no, as it is retireement money being transfered to retirement money.</p>