Municipal Fund Securities Flashcards
1
Q
Education Savings plan (529)
A
allows anyone to contribute to an account that will be used to pay a beneficiary’s qualified education expenses (tuition, fees, books, supplies, room and board)
2
Q
Prepaid tuition plan
A
allows anyone to establish an account in the name of the student and lock-in the cost
3
Q
Coverdell
A
a coverdell education savings account is an account created as an incentive to help parents and students save for education expenses
4
Q
ABLE Program
A
tax advantaged savings program to help support individuals with disabilities and the disability must have begun prior to age 26
