What is a disadvantage of the "Prepaid College Tuition Plan" version of the 529 plan?
A) Distributions before age 59 1/2 incur a 10% tax penalty.
B) They generally guarantee that your child will be covered only if he or she attends a public in-state university or college.
C) They allow greater flexibility than the College Savings Plans.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Q91: Why does a tax-deferred retirement account accumulate
Q92: What are the disadvantages of an ESOP
Q93: Reggie has two children.He is wanting to
Q94: Jahwana works for a large corporation with
Q95: Alex works for a company with a
Q97: Rihab just got a new job and
Q98: A(n)_ retirement plan is one in which
Q99: Tran is employed at a company that
Q100: The difference between a Money Purchase Plan
Q101: Frances McClurg favors the Roth IRA over
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents