What Is a Modified Endowment Contract, or MEC?
Nerd Wallet
MARCH 3, 2022
The article What Is a Modified Endowment Contract, or MEC? Although it sounds great, this tax break comes with an asterisk. If you overfund the account by contributing too much. Georgia Rose writes for NerdWallet. Email: grose@nerdwallet.com. originally appeared on NerdWallet.
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