Education IRA


Definition
The name for a tax-deferred investment vehicle, set up on or after January 1, 1998, which has now been replaced by the Coverdell Education Savings Account. Such an account may contain funds to be applied to future education-related expenses. The name is misleading, as an Education IRA is not actually an IRA and is not related to retirement in any way. Contributions are not tax-deductible but all deposits and earnings can be withdrawn without additional penalties or taxes.

Related Terms

Roth IRA -  More

AGI -  More

ESA -  More

Related Personal Finance Articles

Loading...

Education IRA in the news

Loading...

Education IRA is ...

... part of the Retirement and Taxes subjects.

Search volume for Education IRA

Browse by Letter: # 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