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The Coverdell IRA Savings Plan
This plan allows you to save up to $2,000 per child annually in a tax-deferred account. Compounded over several years, these earnings could contribute significantly to college costs. In addition, tax-free withdrawals are allowed for a variety of qualified education expenses, including elementary and secondary school tuition, uniforms, books, and computers. Not everyone can contribute to a Coverdell Plan. If you exceed certain income limits you may not be allowed to contribute. Note that contributing to both a Section 529 plan and an Education Saving Account utilizes the annual gift tax exclusion. Contact us to find out if you qualify for this valuable education planning program.

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With a Coverdell plan, tax-free withdrawals are allowed for a variety of qualified education expenses.
 
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