Question

10) Why are 529 plans a good option to pay for college costs?

A) They involve money invested in an account for a child, who gains access to the funding at a certain age.

B) They are a conservative and flexible investment option that offers modest returns.

C) They are a prepaid tuition plan that allows you to "lock in" tuition costs.

D) They are a safe and flexible means of saving for a long-term goal yet may have lower interest rate.

Answer 1

A) They involve money invested in an account for a child, who gains access to the funding at a certain age.