# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Education IRA

An educational savings vehicle, also known as a Coverdell Education Savings Account, in which earnings growth and distributions for qualified expenses are tax-free. Qualified expenses include not only college-related costs, but those for students in kindergarten through 12th grade as well.

Annual contributions can be made for children 18 or younger and are limited to $2,000 per year. Money in the account must be withdrawn or rolled over to the account of a younger sibling before the student turns 30.

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