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Reply to "What does "maxing" college fund look like?"
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[quote=Anonymous]There is no annual contribution limit, except that if you contribute more than the gift allowance you will incur additional tax penalties. There is maximum lifetime contribution limit but I hope not that many people hit that because it's higher than the cost of four years of private college so hitting that limit will guarantee you overpaid and will incur a withdrawal penalty. I guess if you are paying for both private college and grad school and you are certain your kid will go to private grad school it could make sense. And I suppose it's kind if a first world problem.[/quote]
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