SIE practice questioneasy529 Plans
A 529 plan is most commonly used to fund which of the following?
- ARetirement income
- BEducation expenses✓ Correct answer
- CMedical expenses
- DReal estate purchases
Explanation
Why B — Education expenses
529 plans are tax-advantaged accounts intended specifically for education savings. B and C refer to other types of accounts, and D is not the purpose of a 529 plan.
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