In the state of NY, investors can contribute up to a lifetime maximum for the college expenses of a designated beneficiary. What is the name of this plan?

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In the state of NY, investors can contribute up to a lifetime maximum for the college expenses of a designated beneficiary. What is the name of this plan?

Options:

  • A. Section 529 Plan
  • B. Section 457 Plan
  • C. Scholarship fund
  • D. Roth IRA

The Correct Answer Is:

  • A. Section 529 Plan

Conclusion

The answer to your question “In the state of NY, investors can contribute up to a lifetime maximum for the college expenses of a designated beneficiary. What is the name of this plan?” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various topics of Insurance.

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