How can I defer taxes on income while I'm in college?I don't want my ...

September 10, 2011 ? Advisor ?

I was wondering if there is any way I can hide my income form my college. Is it possible to earn income and then put it in a Roth IRA so this way my college won?t see the money?
My situation: I get a lot of financial aid and it would be better for me to just pay higher taxes than to pay the full tuition for my college. I don?t want my college to see my money but when i?m done with school I can just pull it out of my roth IRA. Is this sensible? THanks for your input.

Source: http://rothira.soolutions.com/roth-ira/how-can-i-defer-taxes-on-income-while-im-in-collegei-dont-want-my-college-to-see-i-have-money-open-r-ira/

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