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SIE: Investment Companies & Packaged Products
SIE practice questionmedium529 Plans

Which is a qualified expense for a 529 savings plan distribution?

  1. APurchase of a car for commuting
  2. BTuition at an accredited college✓ Correct answer
  3. CNon-education-related travel
  4. DPaying off old credit card debt
Explanation

Why BTuition at an accredited college

Qualified expenses include tuition, books, and education-related costs at eligible institutions. Cars and unrelated expenses are not qualified.

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