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Originally Posted by Scanner
Let's say she is able to squirrel away $1000/month for 3 years into savings - it will probably disqualify her for any financial aid for college as she will have amassed probably in the neighborhood of $50,000 for college.
Could we perhaps be more specific for her?
Would putting her money into a Roth IRA shield not only taxes but allow her to qualify for financial aid on forms for college?
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This is definitely a consideration for need-based aid. That's why I advised above to consult a financial planner to minimize the impact of financial aid savings and vice versa.
The other alternative is to get a full merit-based scholarship. That way, you don't have to dib into savings at all.
Quote:
Originally Posted by Scanner
As far as careers, you will have to narrow it a bit - if you are interested in healthcare, you can ask DisneySteve or I (I think InDebtinDC is in healthcare too). Or are you interested in technology? Sales as someone said? Academia?
You have to define "good career" for us.
To a male, it may mean "I wanna be my own boss and make lotsa dough."
To a female, it may mean, "I want job security and an ability to have maternity and benefits and raise a family" (teaching).
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I used to do health care management consulting. Now I do the legal side of health care.
Consulting is a really good career because you can always find work. The downside is that the work is hard and there isn't much security.