SIE - Securities Industry Essentials Exam

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Which of the following 529 plans is most like a Roth IRA?

Prepaid Tuition Plan
A
College Savings Plan
B
UTMA Account
C
ROA
D
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Explanations

An UTMA is not a 529 plan. A college savings plan 529 plan invests after tax contributions in mutual funds or other investments. This is most similar to a Roth IRA due to the after tax contributions. ROAs are rights of accumulation for mutual funds.

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