Accounts that are opened in the dependent life stage include
A)savings.
B)college savings.
C)IRA.
D)both savings and college savings accounts.

Question

Quizplus · Accepted Answer

Accounts that are typically opened in the dependent life stage are savings accounts and college savings accounts, as parents want to save for their children's future expenses such as education. IRA accounts are not typically opened for dependents, as they are retirement accounts that require earned income to contribute. Therefore, the best choice is D, as it includes both savings and college savings accounts.

Accounts That Are Opened in the Dependent Life Stage Include