Education IRA

A savings plan for higher education. Parents and guardians are allowed to make nondeductible contributions to an education IRA for a child under the age of 18.


The funds in an education IRA can be withdrawn tax free when they are needed for educational purposes. The education IRA is now the Coverdell ESA.



Investing In Your Child's Education - Overwhelmed by increasing tuition costs? The U.S. government can help you save money for your children's education.

Don't Forget The Kids: Save for their Education and Retirement - Retirement and education financing are the two most important planning items for taxpayers.

Choosing The Right Type Of 529 Plan - Before you fund one of these education-savings vehicles, be sure you know their differences.

College Savings Plans - School Yourself Before You Invest - Do your homework and know what to look for when investing in a 529 plan.
Related Terms

Coverdell Education Savings Account (ESA)

Extended IRA

Income Tax

IRA

Roth IRA

RRSP

SEP

SIMPLE

Traditional IRA

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