首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
A) In this article, we’ll look at the rules for 529 Qualified State Tuition Plans. We’ll explore the difference between this sav
A) In this article, we’ll look at the rules for 529 Qualified State Tuition Plans. We’ll explore the difference between this sav
admin
2022-01-18
52
问题
A) In this article, we’ll look at the rules for 529 Qualified State Tuition Plans. We’ll explore the difference between this savings vehicle and some of the other traditional education savings methods and see why this plan is the best yet!
The cost of college
B) You may never have thought you could get excited about big sums of money you won’t be spending on yourself until you read about this new college savings plan. The 529 plan offers the most painless way to save money for higher education to date. And if the child decides not to go to college, you can roll it over to someone else that does want to go, including yourself! The 529 plan is a savings plan for college education. You have a couple of options when you open an account.
* One option lets you prepay tuition at a qualified educational institution at today’s tuition rates.
* Another option lets you save money in a tax-deferred account (earnings only) to be used to pay for education at future tuition rates.
C) The idea, with either option, is that the investment earnings will grow to meet the higher costs of future education. The savings account option is typically considered the more attractive of the two and is what we will focus on in this article. The 529 plan is a state-sponsored investment program. That is, the state sets up the plan with an asset management company of its choice, and you open a 529 account with that asset management company according to the state’s predetermined plan features. You are the owner of the account, and the child for whom the account is set up is the beneficiary (收益人) .You won’t deal directly with the state, but rather with the asset management/investment company.
State-to-state variations
D) Because each state can control some of the features of its own plan, there are variations from state to state. Most plans follow the same general scheme (and federal requirements), but make sure you compare plans among states other than your own. Most states don’t require residency in order to participate, so shop around different states for the best deal.
The benefits: tax treatment
E) All of the account’s earnings are exempt from federal tax when they are withdrawn if they are used for qualified education expenses. This means that, unlike the taxes you have to pay on earnings from regular stock investments, you won’t pay any tax on the 529 account earnings unless you end up using the money for something other than higher education. Earnings are currently tax-deferred in most states, as well.
F) A break on the earnings tax isn’t the only tax advantage, either. Although your contributions aren’t pre-tax (you pay state and federal tax on the money you put into the account), there are some states that let you deduct a portion of your contributions from your state taxes. More states will probably follow suit in the coming years.
The benefits: account control
G) Unlike Education Savings Accounts (ESA), the account owner always has control of the money. This helps lessen that parental anxiety that the junior will take the money and tour Europe or buy a Porsche instead of going to college. There are no restrictions on who can open an account for whom. You can open an account for your child, a friend’s child, a relative, a paperboy, or even yourself.
The benefits: income eligibility
H) Did you know that with an ESA, you aren’t eligible to contribute if you make more than $110,000 per year ($ 220,000 for married couples)? Unlike ESAs, your income does not affect your eligibility to open a 529 account. Contributions to 529 plans also qualify for the $11,000 ($22,000 for married couples in 2002) annual gift tax exclusion. You can also contribute up to five years of gifts during the first year, meaning you can put in up to $ 55,000 ($ 110,000 for married couples). This is a great benefit in situations where inheritance money enters the picture. Your account can grow up to $268,000 in some states. You can contribute as little as $25 to $50 per month.
The benefits; how the money can be used
I) In most states, there is no age limit or time limit for when the money has to be used. Your child can put off college indefinitely, in which case you have the option of rolling the account over to another child as long as that child is in the same family of the first beneficiary. In case you’re wondering just who is considered "family”, the plan defines family members as "the original beneficiary’s spouse, children, sisters, brothers, nephews, nieces, first cousins, and any spouses of those persons. "
J) Your child can go to any accredited (官方认可的) degree-granting educational institution, whether it is public, private, two-year, or four-year. There are even some international schools that qualify. In most states, qualified education costs include tuition, books, room, board, transportation, and even computers. In the event that your child gets a scholarship, then the remainder of the 529 account can be rolled over to another sibling (or relative), or it can be cashed out with no penalty other than the tax paid (at your rate) on the earnings. The same rule applies in the event of the child’s death or disability.
The benefits: investment control
K) If the thought of turning over your hard earned money to the state makes you a little uneasy, rest assured that the state doesn’t control your money. In fact, most states are signing on with well-known, successful investment companies such as TIAA-CREF, Vanguard and Fidelity. The number and types of investment options vary by state, and once you select your option you can’t change it. You can, however, roll your money over into another state’s plan if you’re not happy with your chosen investment option. There is no penalty to roll the money over into another state’s plan, and you can do it once every 12 months. Most states have no residence requirement for their 529 plans.
L) Many plans are also offering investment choices that are age-based. This means that if you’re starting early, perhaps when your child is age one to three, the investments can begin aggressively in stocks then gradually shift to bonds and money market accounts as your child gets closer to college age. Some state plans offer several levels of options for aggressive, moderate and conservative investments.
M) If you can’t reach the risk level you want in one plan, you can always open a second 529 account in the same or another state. You can have as many accounts as you want and can also contribute to both a 529 plan and an ESA. That way, you can diversify your investments in the event that the plan doesn’t offer the investment mix you would like.
Your 529 account investment can be graded into three risk levels as aggressive, moderate and conservative.
选项
答案
L
解析
由题干中的aggressive、moderate and conservative定位到L)段首句和末句。同义转述题。定位部分主要介绍了529计划的投资随着投资人承受能力的变化而变化,分为aggressive、moderate及conservative三个等级。题干中的“graded into…levels”对应原文中的offer several levels,故选L)。
转载请注明原文地址:https://kaotiyun.com/show/p3x7777K
0
大学英语六级
相关试题推荐
A、MajorEuropeanairlineswillgobankrupt.B、Europeanswillpaymuchlessfortraveling.C、Travelingtimebytrainbetweenmajo
Whatifwecouldreadthemindofaterrorist?ResearchersatNorthwesternUniversityinChicagosaytheyhavetakenastepclos
A、Therearenotenougheconomicopportunitiesforstudentsnotgoingtocollege.B、Schoolsfailtoeducatestudentsproperly.C、
Forthispart,youareallowed30minutestowriteanessayentitledDifferencesinTuitionBetweenChineseandAmericanUnivers
A、Shewantsthemtoloseweighttoo.B、Shewantsthemtodoexercisewithher.C、Shewantsthemtoeatpoorfoodwithher.D、She
A、Shewantsthemtoloseweighttoo.B、Shewantsthemtodoexercisewithher.C、Shewantsthemtoeatpoorfoodwithher.D、She
A、Ithasthemostaggressivepolicies.B、Ithasthehappieststudents.C、Itisaveryexpensiveprivateschool.D、Itislocated
A、Healthconditionsimprovewithtimespentwatchinghealthyprograms.B、Comedyvideoscancuremostpeopleofchronicheartatt
随机试题
营养不良时皮下脂肪消减顺序最先是( )。
球后穴位于眶下缘的
药物的测定方法A.非水碱量法B.酸性染料比色法C.阴离子表面活性剂滴定D.气相色谱法E.高效液相色谱法
关于香港的土地租用制度,下列说法正确的有()。
某高层建筑内设有9个电影放映厅,每个厅的面积为160~200m2,设置了一套机械排烟系统,与排风系统合用,每个放映厅为一个防烟分区,在主排烟风管和进入每个放映厅的排烟支管之间设有熔断式排烟防火阀,格栅排风口兼作排烟口,风机选用双速高温轴流风机,设计排风(烟
会计师事务所申请证券资格,其职业保险的累计赔偿限额与累计职业风险基金之和不少于()万元。
下列资产中,属于施工企业固定资产的是()。
随着收入差距不断扩大,贫穷的农村人口在高等教育方面正被_________。在清华大学和北京大学这两所在中国学术界享有至高无上地位、分别号称中国的麻省理工和哈佛的高校,这一_________尤为令人担忧。依次填入画横线部分最恰当的一项是()
《诗经》原来是诗,不是“经”,这在咱们今天是很准确的。但在封建社会里,诗三百篇却被尊为“经“,统治阶段拿它来做封建教化的工具。从西周初期到春秋中叶,诗三百篇是一种配乐演唱的乐歌。这些乐歌一方面用于祭祀、宴会和各种典礼,当作仪式的一部分或娱乐宾主的节
•Readthenewspaperarticlebelowaboutthecreationofnewjobs.•Choosethecorrectwordtofilleachgap,fromA,BorCont
最新回复
(
0
)