<p>My daughter earned $3500 with part time work throughout school year. I know whatever is in her savings will count towards EFC. If she puts that amount in a ROTH IRA, will that be an asset that counts against the EFC? I imagine it might be more of an issue for institutional method EFC. Any thoughts?</p>
<p>I'm just working on my first FAFSA, but it says under assets not to include retirement plans, and worksheet B seems to only want pre-tax IRA contributions, so I am not reporting my daughter's Roth IRA anywhere on this form. I expect it will be required somewhere on the Profile, haven't gotten there yet.</p>
<p>Any CONTRIBUTION to a regular IRA is added back to the AGI #, a Roth contribution was never deducted so it is not added back. The amount in the IRA is NOT counted as an asset</p>
<p>Exactly, somemom.</p>