1.

All of the following are true about SEP-IRAs and SIMPLE IRAa except:

		SEP IRAs allow higher annual contributions than SIMPLE IRAs
		They allow pre-tax contributions from the employee and employer
		Only businesses with 100 employees or less are eligible for SIMPLE IRAs
		They require immediate vesting on all contributions

2.

1. All of the following are true about Coverdell ESAs except:

   		The maximum annual contribution is $2,000 per child per year
   		Withdrawals are tax free only for college expenses
   		There are income restrictions
   		There are age restrictions