Which type of account?
This type of account has a Simplifier.
What is Coverdell?
This type of account does not allow a Beneficiary to be named.
What is UTMA?
This form is required to make a withdrawal from the InvestEd 529 account.
InvestEd Withdrawal Request
WR01CS3004
Distributions from a Coverdell ESA are reported on this IRS Tax Form.
What is 1099-Q?
This is the title of the responsible adult who manages the account until the Age of Termination.
What is Custodian?
This type of account has no annual contribution limit, and allows 5 years worth of gifting to be made all at once.
What is 529?
This type of account always allows the beneficiary to be changed at the discretion of the account owner.
What is 529?
This type of portfolio allows the investor to be invested in either the 'age-based' portfolios or individual mutual funds.
What is a Static portfolio?
Contributions to a Coverdell ESA are reported on this IRS Tax Form.
What is 5498-ESA?
Purchases into UTMAs are not allowed once the 'minor' reaches this age.
What is the Age of Majority?
Withdrawals from this type of account require IRA redemption form?
What is a Coverdell ESA?
This type of account ONLY allows the beneficiary to be changed if the Responsible Individual is so authorized by the Simplifier.
In this type of portfolio, the underlying investments will be automatically changed 10 days following the designated beneficiary's birthday.
What is an Age-Based Portfolio?
Except in the case of a special needs beneficiary, all proceeds must be distributed from a Coverdell ESA by the time the designated beneficiary reaches this age.
What is 30?
Under the age of termination, redemptions can only be made payable in these two ways.
What are to a high education institution or as registered.
Deposits into this type of account is an irrecovable gift to a minor.
What is a UTMA?
This form is used to change the beneficiary of an InvestEd 529 account.
What is the InvestEd Change of Beneficiary form?
WR01CS3003
This state sponsors the InvestEd plan.
What is Arizona?
If you receive a call from the Responsible Individual on a Coverdell Account and the Designated Beneficiary is over the Age of Majority, what document must you check before knowing if you can release account information?
What is the Coverdell Simplifier?
Any Waddell & Reed client can use the Age of Termination statutes for this state.
What is Kansas?
This type of account arises from the transfer of a Coverdell ESA into a 529 account.
What is a Minor-Owned 529?
If the minor owner of a UTMA account is under this age, they are unable to name their own Successor Custodian.
What is 14?
This form is required in order to change the underlying investments in a 529 account.
What is the InvestEd Change of Investment form?
WR01CS3001
Non-Qualified distributions of this account type are tax-free if they come entirely from this portion of the account?
What are contributions?
When the minor is under the age of termination, the Custodian can sign off on transferring the account to a new one of this type if the minor has earned income.
What is a retirement account?