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Advanced Placement (AP)Advanced Placement (AP)
29 October, 23:04

For which plan or plans is knowing the withdrawal restrictions important

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  1. 30 October, 02:59
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    Knowing the withdrawal restrictions is important for: Both 529 plans as well as the Coverdell Education Savings Account.

    The 529 plans encouraged saving for future college cost and restrict the saver from taking it before they enter a previously agreed age. This form is very similar to Coverdell Education Savings Account, which is a form of investment for college fund which restrict withdrawal before the person whose name written in the saving finished high school
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