Calculate what your estimated savings could be worth when your child starts college, and compare a hypothetical tax-free account (such as a state 529 plan) to a hypothetical taxable account.
After years, you'll have accumulated $0, or $0 more in a tax-free account than in a taxable account. This is because a taxable return rate of % shrinks to 0% after taxes, based on your federal tax rate of %.
Consider the following as you view your results:
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