Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 1 month agoNot breaking rule 5. But how do I hide my 250k in a savings account for retirement and still get a student pell grant?message-squaremessage-square14fedilinkarrow-up12arrow-down120
arrow-up1-18arrow-down1message-squareNot breaking rule 5. But how do I hide my 250k in a savings account for retirement and still get a student pell grant?Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 1 month agomessage-square14fedilink
minus-squareactionjbone@sh.itjust.workslinkfedilinkarrow-up3·1 month agoTalk to a financial advisor. Do you belong to a credit union? You may have access to one for free. They’ll be able to tell you how much you can squirrel away for retirement (legally).
minus-squareDon_Dickle@lemmy.worldOPlinkfedilinkarrow-up2arrow-down5·1 month agoAnd the GOV won’t know?
minus-squareSanctus@lemmy.worldlinkfedilinkEnglisharrow-up4·1 month agoI gotta say this does not sound like a swell idea
minus-squareactionjbone@sh.itjust.workslinkfedilinkarrow-up1·1 month agoIt’s not about the government not knowing. The government already knows if you have money. But there are lots of programs available to help defer money. A good financial advisor will know how to take advantage of them.
minus-squareandrewta@lemmy.worldlinkfedilinkarrow-up1·1 month agoA solid financial advisor/attorney will be able to give you ideas on where to put that money what to do with it. And they will be able to tell you whether or not the government can or cannot see it.
Talk to a financial advisor.
Do you belong to a credit union? You may have access to one for free.
They’ll be able to tell you how much you can squirrel away for retirement (legally).
And the GOV won’t know?
I gotta say this does not sound like a swell idea
It’s not about the government not knowing.
The government already knows if you have money.
But there are lots of programs available to help defer money. A good financial advisor will know how to take advantage of them.
A solid financial advisor/attorney will be able to give you ideas on where to put that money what to do with it. And they will be able to tell you whether or not the government can or cannot see it.