anonymous
Registered: 03/29/05
Posts: 1944
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Are you talking about putting money into a 401(k) or taking money out?
One disadvantage of taking money out is that from a federal financial aid standpoint, you are turning a non-counted asset, into counted income.
Ex. $30,000 is in your 401(k). You earn $60,000/year. You take the $30,000 out of your 401(k) to pay for school. Your assets will remain identical, but your income has increased to $90,000.
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