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Reply to "if money were limitless + 529s question"
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[quote=Anonymous]OP here. Accounts are with College America. Here is what they say: The account(s) per children max out at 500k. if you did a lump sum contribution, it would be 250k max at one time. The maximum total contribution limit is $500,000 for each beneficiary. The $500,000-per-beneficiary limit applies across all plans administered by Virginia529, including CollegeAmerica, Virginia529 inVEST?, Virginia529 prePAID? and CollegeWealth. Multiple accounts for the same beneficiary will be combined to determine if the maximum contribution amount has been reached. Once the total account balance (including any earnings) reaches $500,000, we will not accept additional contributions or rollovers. If the total account value is below $500,000, you can contribute regardless of how much you have already contributed. So there you go...it is more than $250k in VA. [/quote]
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