All of the following can be designated as a beneficiary for a Section 529 plan except:
A) A father or mother
B) A son- or daughter-in-law
C) an aunt or an uncle
D) Child of a close friend
Correct Answer:
Verified
Q28: Section 529 plans, UGMA/UTMA and Coverdell ESAs
Q29: Section 529 plans are:
A) State-sponsored college savings
Q30: A contributor to a Section 529 plan
Q31: The following steps may be taken to
Q32: Coverdell ESAs combine the following features:
I.
Q34: Persons unable to repay student loans can
Q35: Compounding works best if you invest
A) Over
Q36: For UGMA/UTMA accounts, all of the following
Q37: To qualify for Education Bond Program one
Q38: Major drawbacks of Section 529 plans are:
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