Question

"A customer has a 3-year old child and wishes to begin saving for the kid's college education using a tax advantaged investment. The best investment option to meet the customer's objective is a(n):"

Answer 1

Age weighted 529 plan.

Step-by-step explanation:

This approach of or form of child investment option is said is seen to be of a form of protection to parents who has older children while patents that their wards are younger are seen to cash out on greater returns in future time which is seen to occur by maintaining higher concentration in stocks over time. This is is aid to be of two different types which is the prepaid plan etc. Portfolios of this kind also are seen to possinly include static fund portfolios and age-based portfolios.