Depending on the program and the financial help needed, having money in a retirement savings account could affect how much financial assistance an individual receives. (Photo: Getty)

Many Americans need help when faced with a major expense or financial hardship, whether it’s paying for college, health care, food, or living expenses, or resolving debt, and in order to overcome these challenges they may seek financial aid through a federal program or process.

Depending on the program and the financial help needed, having money in a retirement savings account could affect how much financial assistance an individual receives.

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