16 Janice plans to set aside a portion of the proceeds from her mother's life insurance policy for education, and wants to know how she should save these funds. Tanice wants to maximize con funds and would like to minimize taxes. Tanice plans to contribute $50,000. Consequently, Janice show the funds into a/an: a) Taxable account in her own name, ear-marked for Carolyn's education b) UTMA account for Carolyn's benefit c) 529 college savings plan d) Coverdell education savings account tment strategy for retirement may include