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What is a characteristic of the 529 plan that makes it different from the Coverdell Education Savings Account?
Wiki User
∙ 9y ago
There is no age limit for disbursement of funds
APEX 2021
APEX User
Wiki User
∙ 9y agoThere is no age limit
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How do you approve certify a managing account?
On the managing account summary, type the account number in the Managing/Diversion Account Number field, and click the Approve button
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A first-hand account of an historical event is known as?
An eye-witness account.
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The spatial extent of Middle America cannot be clearly defined. This is because there are too many factors involved aside from physical topography and geography. Since Middle America is spread between several states, you also have to take into account living conditions, education, commerce, and other vital factors that encompass and represent the region as a whole.
What is a characteristic of coverdell education saving account?
there is a maximum yearly contribution limit
What is a characteristic of the coverdell education savings account?
there is a maximum yearly contribution limit.
Can a 529 Plan be transfered to the Coverdell Education Saving account?
If you move money from a 529 account into a Coverdell Education Savings Account, you pay taxes and a penalty. It is only tax free if you move money FROM a Coverdell ESA to a 529 plan.
Whom does the funds left over from coverdell education savings account after all education expenses are paid?
The beneficiary receives the funds left over from the Coverdell Savings Account.
Where you open a Coverdell Education Savings Account?
any financial institution
What makes coverdell education savings account unique?
it offers many investment choices
Funds left over from a coverdell education savings account after all education expenses are paid go back to whom?
the beneficiary.
Funds left over from a coverdell education savings account after all education expenses are paid go to whom?
the beneficiary.
Which of the following is a characteristics of the 529 plan that makes it different from the coverdell education savings account?
There is no age limit for disbursement of funds
What is a Coverdell Account used for?
A Converdell Account is used for serious savings. It is also known as Converdell Education Savings Account. It is meant to help parents and students save for education expenses.
Which plan or plans is knowing the withdrawal restrictions important?
both 529 plans as well as the coverdell education savings account
What plan or plans is knowing the withdrawal restrictions important?
both 529 plans as well as the coverdell education savings account
