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Reply to "529 Money --Too Much?"
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[quote=Anonymous]There are lifetime limits (max 500k) per beneficiary that vary state by state There are annual limits (unless you file a gift tax return) of $14,000 per individual (28k per couple) for contributors How is it a generational wealth deferral strategy? I thought funds have to be used by age 35 or so of the original beneficiary?[/quote]
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