Guest Taxi Posted December 15, 1998 Posted December 15, 1998 If I roll over a large IRA now, and use the 4-year tax payment option, I am concerned that the increased gross income for each year will be counted as "real" income by the college financial aid offices, and threfore reduce dramatically the amount of financial aid my daughter may be able to get (when she begins college (no idea which one) in 2 years, even though our need remains the same (worse, since we're paying taxes on the rollover). I haven't been able to find a good answer, or even guidance anywhere on this, but I need to act by end of this year. Any suggestions? What's the current thinking? There's bound to be thousands of people in our situation.
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