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.

Question

Quizplus · Accepted Answer

Balances left over after completing your education cannot be rolled over into a Roth IRA. This is the option that is not an advantage of 529 college savings plans.

Which Is Not One of the Advantages of 529 College