What are the disadvantages for educational savings associated with Series EE?
A) Little investment flexibility.
B) Income limitation.
C) Small amount of deposit allowed.
D) Both a and b.
E) Both b and c.

Question

Quizplus · Accepted Answer

Series EE savings bonds have limitations on investment flexibility as they cannot be redeemed for at least one year and have penalties for early withdrawal. In addition, there are income limitations for those who can purchase them. Only individuals with an adjusted gross income below a certain threshold can purchase Series EE savings bonds. These limitations make them less attractive for educational savings compared to other investment options. Therefore, the best answer is D.

What Are the Disadvantages for Educational Savings Associated with Series