Is Roth IRA account subject to asset limit? (college, income)

[StellaNYC]

The marketing handbook said "Balances in specifically designated retirement funds and college savings
accounts are not subject to the asset limit, but are counted toward overall assets and income from assets."

Does anyone know whether ROTH IRA is considered as "specifically designated retirement funds"? Thank you!

[linamonroll]

Originally Posted by StellaNYC

The marketing handbook said "Balances in specifically designated retirement funds and college savings
accounts are not subject to the asset limit, but are counted toward overall assets and income from assets."

Does anyone know whether ROTH IRA is considered as "specifically designated retirement funds"? Thank you!

An "individual retirement account" (IRA) is a retirement account.

[randomperson2]

Yes, they are. I know why you're asking--in theory one can withdraw one's contributions before retirement. But that's a refinement too far for these guys.

[macnyc2003]

I would say, if you're asked for documents and the agent ends up including the Roth IRA funds as an asset, mount an appeal.

The Roth is a bit different from a regular IRA in the you deposit funds into the Roth after taxes. But it's still a retirement account.

[StellaNYC]

Thank you all for the confirmation!