A Coverdell Education Savings Account (formerly known as an Education IRA) is a nondeductible account that features tax-free withdrawals for a very specific purpose – a child’s education expenses.
- Save up to $2,000.00 per year per child
- Monies can be used for any qualified educational expense including elementary, secondary and post-graduate studies
- Assets can be transferred to another member of the same family without penalty
To determine which IRA best fits your situation; call us at 888-645-4121.
