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 education IRA is now refered to as the Coverdell ESA. Investopedia Says:
The funds in an education IRA can be withdrawn tax free when they are needed for educational purposes. Related Terms:
Coverdell Education Savings Account - ESA
Extended IRA
Form 1099-Q
Income Tax
Individual Retirement Account - IRA
Registered Retirement Savings Plan - RRSP
Roth IRA
Savings Incentive Match Plan for Employees of Small Employers - SIMPLE
Simplified Employee Pension - SEP
Traditional IRA |