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Reply to "What does "maxing" college fund look like?"
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[quote=Anonymous]I guess it could mean either maxing out the tax benefit or it could mean that the speaker has run a projection of the amount they need to contribute each month to hit their desired account total on the date the kid matriculates. The latter number is almost always much, much higher than the former number. If you donate up to the tax benefit from the date of your child's bith you will still be far short of having enough money in the account to pay for a four year private college.[/quote]
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