The Coverdell Education Savings Account is an investment account that is specifically
designed to encourage savings to cover future college expenses.
Think of an education savings account as similar to a
retirement account.
You contribute money, it earns interest, you withdraw when the time is right and
funds are needed.
Your money is allowed to grow tax-deferred proceeds can be withdrawn tax-free for
qualified education expenses at a qualified institution.
Your qualified expenses are not limited to colleges and universities. You can apply
the funds from your Coverdell account to cover primary and secondary schools also.
Have you asked yourself this question:
How much do I need to save for my child's college expenses?
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Using any kind of savings/investment option to save for your child's education is
a good choice because your contributions grow with dividends on their own, giving
you more money in the end. |
Heritage South Credit Union can help you start planning today for you or your child's
education.
We have a highly skilled and friendly staff to help you with all of your financial
needs.
Just give us a call at 256/245.4776 or
click here to fill out our secure online request form. |