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What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What is After Hours Trading/Extended Trading? After hours trading describes any trades made after the market closes or before the market opens. Bec...
What is the Dow Jones Industrial Average? The Dow Jones Industrial Average is usually just called the Dow. It’s an average of 30 of the most well...
Finance: What is a 529 Savings Plan? 4 Views
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What is a 529 Savings Plan? A 529 Savings plan is a tax savings plan to set aside funds for a designated beneficiary’s college education and higher education additional degrees, and as of 2017, private high school tuition. Funds can only be withdrawn and utilized for educational expenses or otherwise be subject to tax plus a 10% penalty fee.
What is a 529 Savings Plan? A 529 Savings plan is a tax savings plan to set aside funds for a designated beneficiary’s college education and higher education additional degrees, and as of 2017, private high school tuition. Funds can only be withdrawn and utilized for educational expenses or otherwise be subject to tax plus a 10% penalty fee.
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- Finance / Finance Definitions
- Life Skills / Finance Definitions
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- Terms and Concepts / Investing
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