SIE Exam Question 1012: Answer and Explanation

Question: 1012

Which of the following allow individuals with disabilities and their families to save money for disability-related expenses of the account's designated beneficiary in a tax-advantaged way?

• A. ABLE accounts
• B. ESOP accounts
• C. HOPE accounts
• D. SSI accounts

Correct Answer: A

Explanation:

ABLE accounts allow individuals with disabilities and their families to save money for disability-related expenses of the account's designated beneficiary in a tax-advantaged way.