Q 7.22: James, 14 years old, is really looking forward to having his UTMA custodial account converted to an individual account (he's got a lot of spending he wants to catch up on). Fortunately for him, and unfortunately for his savings, he's only got to wait A 4 to 7 years, depending on which state he lives in. B 7 more years on his 21st birthday. C 4 more years, on his 18th birthday. D 5 more years, on his 19th birthday. Q 7.23: Who might benefit the most from owning U.S. savings bonds? A Retirees looking for predictable returns and no risk. People looking for immediate interest income. Young people investing for the first time. D High-income earners who live in states with no income tax