Exam Weight: ~2-3 questions (2% of exam)
The exam tests your knowledge of specialized account types designed for education savings, transfers to minors, and healthcare expenses. Each has unique tax treatment, contribution rules, and suitability considerations.
This unit covers four account types: 529 plans, Coverdell Education Savings Accounts, UTMA/UGMA custodial accounts, and Health Savings Accounts. The exam repeatedly tests who controls the money, what the income and contribution limits are, and how non-qualified withdrawals are taxed.