Which Is Not One of the Advantages of 529 College

question 53

Multiple Choice

Which is not one of the advantages of 529 college savings plans?

• A)You pay no taxes on the account's earnings.
• B)Anyone (your mom,dad,grandparents,uncles,aunts,etc.)can contribute to the account and,in some state-sponsored plans,the contribution is deductible from state taxes.
• C)Even if you are currently in college,you can contribute to a 529 plan,and the earnings won't be taxed if they are used for qualified educational expenses.
• D)Balances left over after completing your education can be rolled over into a Roth IRA.

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Definitions:

Rational-Emotive Psychotherapy

A form of cognitive-behavioral therapy focusing on identifying and changing irrational beliefs to alter emotional and behavioral responses.

Mindfulness-Based Cognitive Therapy

A psychological therapy designed to prevent the recurrence of depression by teaching mindfulness meditation as a way to disengage from negative cognitive patterns.

Interpersonal Therapy

Interpersonal Therapy is a form of psychotherapy that focuses on improving interpersonal relationships and communication patterns to help solve emotional problems.

Behavioural Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through stimulus-response associations, reinforcement, and other conditioning techniques.