SIE Exam Question 951: Answer and Explanation

Question: 951

To establish a Coverdell Education Savings Account (ESA), the beneficiary must be under age __________ unless the individual is designated as a special needs beneficiary.

• A. 14
• B. 18
• C. 21
• D. 30

Correct Answer: B

Explanation:

To establish a Coverdell Education Savings Account (ESA), the beneficiary must be under age 18 unless the individual is designated as a special needs beneficiary.