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Major drawbacks of Section 529 plans are: Why? IYou must start early to derive significant benefits II They could result in a decrease in the

Major drawbacks of Section 529 plans are: Why?

IYou must start early to derive significant benefits

II They could result in a decrease in the amount of the financial aid

III Once you join a plan, you cannot open an Educational IRA

The correct answer is:

A.I and II

B.II and III

C.I and III

D.I, II and III

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