Tax Managed Funds vs Regular Ones

[jmxthievez]

Hey guys,

I've decided to start a vanguard account and I was wondering between the benefits of tax managed funds vs non tax managed funds.

For example, if you take a look at these recommended portfolios, http://www.fundadvice.com/portfolio.html#vanguardequity

you can see a clear difference in fund allocation. I know that tax managed funds cut down on dividends and sell stocks at a loss instead of waiting for them to recover in order to cut down on capital gain tax, but what I don't know is the benefit for my situation.

I am 21 years old and a senior in college, I had a paid internship this summer. I'm looking to open a fund with about 100k in it to start (from poker), am I eligible for any tax exemptions/exclusions as a student? If not, then do tax managed funds make sense for me?

Thanks guys