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Jansen and Ovilia have a new grandchild, Evette. They want to set up an education account for her. They are very wealthy, high - income
Jansen and Ovilia have a new grandchild, Evette. They want to set up an education account for her. They are very
wealthy, highincome clients, and the family has traditionally gone to exclusive and expensive colleges, which they hope
Evette will do too. Evette's parents are also wealthy, highincome people. What would be a good recommendation for
Jansen and Ovilia?
Set up a account for Evelyn. It will allow you to contribute a large lump sum initial contribution which will grow
taxdeferred.
Set up a Coverdell Education Savings account for Evelyn. It will allow you to contribute an annual amount which will grow tax
deferred.
Buy EE savings bonds. The interest is taxfree if used for qualified education expenses.
Gift the money directly to Evelyn.
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