Multiple Choice
Which best defines a 529 plan?
A) An account that is designed to help finance future college expenses.
B) A time deposit account where the depositor agrees on a time period and sum of money.
C) An account that allows the holder to write checks against funds deposited in the account.
D) Funds set aside to be withdrawn after the age of 59.5 without penalty.
Correct Answer:
Verified
Correct Answer:
Verified
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