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Educational IRA (Coverdell)

Advancial’s Coverdell Education Savings Account lets you help your child or family member prepare for college or any stage of education.  Money saved grows tax-free and can be used for a variety of educational expenses.

Benefits of a Coverdell ESA include:

  • $25 minimum deposit
  • Earnings grow tax-free
  • Make contributions up to $2000 per year for each child
  • Transfer unused funds to a family member with no penalty
  • Tax-free withdrawals for qualified expenses including tuition, fees, books, supplies and more

         

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