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
found this as another bainly thing