Topic: Special Types of Accounts - 10 questions you will find on the Series 65/66/SIE/6 Exams

This video covers questions that could be found on the Series 65, Series 66, SIE, and Series 6 top-off exams.
Welcome to PassMasters’ Questions of the Week with Suzy Rhoades, our expert securities exam prep instructor.
In this video, Suzy will cover 10 questions related to the topic of Special Types of Accounts using questions presented directly from our securities exam prep licensing courses.
You can expect test questions related to this topic to appear on the following securities industry exams:
- Securities Industry Essentials (SIE) - passmasters.com/securities-ex...
- Series 6 exam - passmasters.com/securities-ex...
- Series 65 exam - passmasters.com/securities-ex...
- Series 66 exam - passmasters.com/securities-ex...
If you are studying for any of the above exams and would like to learn more about our online video-based course offerings with Suzy, please click the link below:
passmasters.com/securities-ex...
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- Jonathan - SIE student
#sieexamquestions #series6practicetest #series65testquestions #series66audioquestions
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Do you have questions about anything covered in this video? Or about any of the securities exams in general? Post a comment and we will respond asap. Thanks for viewing and happy studies!
Contents of this video
0:00 - Welcome
0:35 - Practice Question 1 - College savings plans vs. pre-paid tuition plans
2:26 - Practice Question 2 - Under age 18 rule
2:56 - Practice Question 3 - Use by age 30 rule
3:28 - Practice Question 4 - UTMA/UGMA
4:56 - Practice Question 5 - UTMA
5:43 - Practice Question 6 - ESA
7:36 - Practice Question 7 - HSA
8:09 - Practice Question 8 - UTMA/UGMA
8:54 - Practice Question 9 - Custodian
9:54 - Practice Question 10 - UTMA Custodian
10:43 - Recap

[@odessamom6318]

Hi Suzy/Pass Masters! Thank you for posting these very helpful videos. I have a question on Question 1. To my knowledge in Florida, the prepaid plan allows the student to attend any school within the state of Florida, however, the answer says it requires the student to attend a SPECIFIC school. Was that the case at the time when this question was written? Or is it just semantics?

[@PassMasters]

So glad you are enjoying the videos. Oh yes, semantics. The test loves that when you fund a 529 plan the beneficiary can use the money for ANY educational expenses, but a pre-paid tuition plan is specific to somewhere (so yes, I said a school, but schools within a state is/has been true historically as well). Great question. Keep up the good work. 😀

[@odessamom6318]

​@@PassMasters Thank you! The semantics have been getting me the whole time. If the quiz questions aren't worded exactly how I learned/read it, I panic and guess-and I've been guessing wrong! ☹