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  Sunday December 9, 2018

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COVERDELL EDUCATION SAVINGS ACCOUNTS (FORMERLY EDUCATION IRAS)
Learn even more about this topic with the Encyclopedia of Personal Finance™

The Coverdell education savings account is a relatively new way to save money for a child's qualifying education expenses.  It uses tax-free growth of money to fund a child?s education.  This tutorial will cover the following topics:

? Contribution rules

? Penalties on non-qualified withdrawals

? Rollovers between Coverdell education savings accounts

First, read about how (and how much) you may contribute to a child?s Coverdell account.




LEARN EVEN MORE WITH THE ENCYCLOPEDIA OF PERSONAL FINANCE. CLICK HERE!

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