I am a US citizen but I have worked most of my life overseas. So I qualify for the "foreign earned income exclusion" which makes my tax bill basically zero. Because of this I haven't been trying to put retirement income away in retirement accounts, but have just been investing them normally. I know they are retirement funds, but they aren't in a 401k or roth or etc.
My oldest son is getting close to college age. Now I'm starting to realize my retirement strategy may have a fatal flaw. Are the schools going to count all my retirement I've saved over the last 20 years as assets and calculate my EFC on 5.x% of that?!