Series 51 Practice Questions - Municipal Fund Securities Limited Principal Qualification Examination Exam

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Under the Setting Every Community Up for Retirement Enhancement (SECURE) Act, 529 plan funds can now be used for which additional purpose without incurring penalties?

Home down payments for first-time homebuyers Student loan repayment up to $10,000 lifetime limit Funding a Roth IRA for the beneficiary Purchasing a vehicle for college transportation

Correct Answer:

Student loan repayment up to $10,000 lifetime limit

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