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bowoodchintz t1_j2az5ro wrote

Unfortunately it’s limited to a lifetime cap of 35k on rollovers, the money can only be rolled over to a Roth IRA in the name of the beneficiary and the rollover counts toward the annual contribution limit. Not chump change but unlikely to create generational wealth. It’s more like a 529 that offers a touch of extra flexibility.

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boilermakerteacher t1_j2bmwr9 wrote

35k compounding from post college plus potential no debt would definitely be a start.

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