SIE Exam Question 880: Answer and Explanation

Question: 880

Money in a Coverdell Education Savings Account (ESA) must be used by the time the beneficiary is __________ years of age.

• A. 18
• B. 21
• C. 24
• D. 30

Correct Answer: D

Explanation:

Money in a Coverdell Education Savings Account (ESA) must be used by the time the beneficiary is 30 years of age.