Series 51: Exercise

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