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Reply to "Why do donut hole families"
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[quote=Anonymous][quote=Anonymous]Is there a consensus on how much a donut hole family should be able to afford, like can almost everyone agree that a so-called donut hole family should be able to pay $30,000 per kid per year? Also, what is the generally accepted income range of a donut hole family? [/quote] We calculated that to have 4 years in state saved for each of our two kids, we’d need to save $350/per month each. We can do that on our HHI, but $700 per month is not chump change by any means and it is generally not advised to shortchange your retirement accounts to save for college.[/quote]
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