<p>As I said in my post above I don’t think it is possible to put $70k in an IRA in one year. The limits are much lower than that ($5-6000 in a single calander year). IRAs are also limited to earned income. She needs to talk to a company that does IRAs to find out if what she plans is even a possibility before worrying about the financial aid aspects.</p>
<p>There are certain payments that can be rolled into an IRA - for instance my husband took a lump sum on his retirement and the lump sum was rolled over into a 401k. But I don’t *think <a href=“not%20an%20expert%20in%20this%20area”>/I</a> an inheritance can be used this way. Unless maybe the inheritance was already in an IRA?</p>