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Re: How to reduce MAGI for filling FAFSA [deduct IRA, Conver

Thank you very much for your answers. I tried for a week to get answers from different sources and could not get the informartion I needed to make a decision. You aswers were very helpful.
by pindella
Sat Jan 26, 2013 11:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to reduce MAGI for filling FAFSA [deduct IRA, Convert]
Replies: 4
Views: 1088

Re: How to reduce MAGI for filling FASFA [deduct IRA, Conver

Thank you for your reply, it was very helpful. My Gross income was $60,395 and i am filling as a head of the household. My daughter is a junior, however it will be the first year we are eligible to apply for FAFSA. We have 2,5 years ahead of paying tuition. I don't have any assets and we have about ...
by pindella
Fri Jan 25, 2013 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to reduce MAGI for filling FAFSA [deduct IRA, Convert]
Replies: 4
Views: 1088

How to reduce MAGI for filling FAFSA [deduct IRA, Convert]

I read that I can still open a traditional IRA for 2012 until April. If it is correct, how can I show this deduction when I am filling Fasfa for my daughter. And the second question, if I decide to convert a Traditional IRA to a Roth IRA after filling FASFA, are there any fees for conversion? Thanks
by pindella
Fri Jan 25, 2013 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to reduce MAGI for filling FAFSA [deduct IRA, Convert]
Replies: 4
Views: 1088

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