For which plan or plans is knowing the withdrawal restrictions important

Knowing the withdrawal restrictions is important for: Both 529 plans as well as the Coverdell Education Savings Account.

The 529 plans encouraged saving for future college cost and restrict the saver from taking it before they enter a previously agreed age. This form is very similar to Coverdell Education Savings Account, which is a form of investment for college fund which restrict withdrawal before the person whose name written in the saving finished high school