Series 51: Exercise

Taken from our Series 51 Online Guide

Exercise

Answer true or false

  1. 1. True or false: Contributors may only open 529 college savings plans in the state where they are a resident.
  2. 2. True or false: A 529 college savings plan has both investment and inflation risk.
  3. 3. True or false: Only 529 college savings plans opened through an investment firm, called an advisor-sold plan, have fees and administrative charges.
  4. 4. True or false: Some states offer state tax incentives to their residents for opening a 529 college savings plan in-state.
  5. 5. True or false: Typically, 529 college savings plans are offered by states, bu

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