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Q: Which of the following is the best way to allocate your child's college savings money? A. Keep 100% of college savings money in an FDIC-insured bank savings account from birth to age 17. B. Keep
80% to 100% of college savings money in stock funds until the child is 14 and then gradually decrease stock holdings until 100% is in cash at age 17. C. Keep 0% to 25% of college savings in stock funds until the child is 14 and then gradually increase stock holdings until 100% is in stocks at age 17. D. Maintain a 50:50 balance between cash and stocks from birth to age 17.
A: D. Maintain a 50:50 balance between cash and stocks from birth to age 17. coz saving is good, to maintain your fund equaly
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Original conversation
User: What is the name of the college savings plan that allows you to set aside typically $300,000 or more and withdraw money tax-free to pay for higher education?

User: Which of the following is the best way to allocate your child's college savings money? A. Keep 100% of college savings money in an FDIC-insured bank savings account from birth to age 17. B. Keep 80% to 100% of college savings money in stock funds until the child is 14 and then gradually decrease stock holdings until 100% is in cash at age 17. C. Keep 0% to 25% of college savings in stock funds until the child is 14 and then gradually increase stock holdings until 100% is in stocks at age 17. D. Maintain a 50:50 balance between cash and stocks from birth to age 17.

Weegy: D. Maintain a 50:50 balance between cash and stocks from birth to age 17. coz saving is good, to maintain your fund equaly
Randie Alejandro|Points 0|

User: If you want to open a 529 plan to save for college, which of the following plan characteristics should you avoid? A. Plans sold by professional financial advisors B. Plans with low expense ratios C. Plans with state tax benefits D. Plans that use target funds to automatically adjust investment holdings

Weegy: If I want to open a 529 plan to save for college, which of the following plan characteristics should you avoid D. Plans that use target funds to automatically adjust investment holdings . Weegy On!
thunder88|Points 10|

User: 0) What are the consequences of withdrawing money from a 529 plan to pay for expenses not associated with higher education? A. You must replace any withdrawals within 60 days or pay a 25% federal penalty tax. B. You must pay income taxes on the earnings as well as a 10% federal penalty tax. C. You may incur a tax if you withdraw more than half of the account. D. There are no penalties as long as your adjusted gross income is below $110,000 (for a single filer) or $220,000 (for joint filers).

Weegy: B. You must pay income taxes on the earnings as well as a 10% federal penalty tax.?
mitch_04girly|Points 20|

User: When borrowing money to pay for college, what level of debt should you consider worrisome? A. Debt greater than the expected annual starting salary of the job or career for which you are preparing B. Debt greater than what you are expected to earn in your first 2 years of the job or career for which you’re preparing C. Debt greater than the average student loan debt of approximately $27,000 D. Debt greater than $100,000 if and only if the interest rate is more than the Federal Direct PLUS rate of 6.8%

Weegy: When borrowing money to pay for college, what level of debt should you consider worrisome? - C. Debt greater than the average student loan debt of approximately $27,000
experto|Points 287|

User: Which of the following best describes the Federal Direct PLUS loan? A. A need-based loan that lets you borrow up to the full cost of tuition, minus any financial aid that you receive B. A need-based federal loan with a lower, variable rate for those with high credit scores C. A $5,500 maximum annual loan with a fixed rate of just 3.4% D. A loan available to people of all income levels that allows you to borrow up to the full cost of attending college, minus any financial aid your child receives

Weegy: The following best describes the Federal Direct PLUS loan D. A loan available to people of all income levels that allows you to borrow up to the full cost of attending college, minus any financial aid your child receives. Weegy On!
thunder88|Points 10|

User: Under what circumstances might you consider cosigning a loan for a family member? A. Your family member has a low credit score due to poor credit management and he really needs a car to get to work. B. Your family member signs a promissory note to you stating when she will begin making monthly payments on this loan and that she is in fact responsible for this loan. C. Cosigning the loan will help the family member establish a credit history, which in turn will help him in all other aspects of his financial life. D. Never cosign a loan for a family member.

Weegy: Under what circumstances might you consider cosigning a loan for a family member? answer: B. [ Your family member signs a promissory note to you stating when she will begin making monthly payments on this loan and that she is in fact responsible for this loan. ]
Flerida|Points 176|

User: If you have already cosigned a private student loan that does not terminate on death for a family member, what can you do to protect yourself? A. Pay off the loan immediately, even if it means using your emergency savings. B. Take out a term life insurance policy on the student with you as beneficiary to cover 100% of the current loan amount. C. If the variable interest rate rises, use your retirement savings to pay off the loan. D. Increase your emergency savings from 8 months to 12 months.

Weegy: B. Take out a term life insurance policy on the student with you as beneficiary to cover 100% of the current loan amount.
aisonyu|Points 270|

User: If your adult child is facing financial difficulties, in what way should you provide help? A. A thoughtful present that you have purchased with a credit card but will be able to pay off in full within 3 months B. A reward to your child for especially good behavior C. • Let your child move home, but charge her rent. D. A gift that is equal or greater in value to one the recipient recently gave to you

Weegy: A. A thoughtful present that you have purchased with a credit card but will be able to pay off in full within 3 months
dyosaapz|Points 82|

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Asked 7/21/2013 2:17:26 PM
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