What Is a Disadvantage of the "Prepaid College Tuition Plan

question 139

Multiple Choice

What is a disadvantage of the "Prepaid College Tuition Plan" version of the 529 plan?

• A)Distributions before age 59 1/2 incur a 10% tax penalty.
• B)They generally guarantee that your child will be covered only if he or she attends a public in-state university or college.
• C)They allow greater flexibility than the College Savings Plans.
• D)All of the above.
• E)None of the above.

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Definitions:

Miniaturizes Landscape

The artistic practice of creating a small-scale representation of a landscape in a highly detailed manner, often found in painting, sculpture, and garden design.

Ming Dynasty Painter

An artist active during the Ming Dynasty in China, a period known for its cultural achievements including a rich tradition of painting featuring landscapes, portraits, and flower/bird motifs.

Wen Shu

A bodhisattva associated with wisdom in Mahāyāna Buddhism, often depicted holding a scroll or book.

Flowers

Reproductive structures of flowering plants, celebrated and depicted in art for their beauty and symbolic meanings.