Coverdell Education Savings Accounts (ESAs)
A Coverdell Education Savings Account can help you save money for your child(ren)’s education expenses.
Benefits of Coverdell Education Savings Accounts include:
- $2,000 contribution limit per year for each child under 18
- Contributions are not tax-deductible
- Withdrawals for qualified educational expenses are tax free
- Qualified expenses include tuition, fees, books, supplies, equipment, and, in some cases, room and board and computers
To find out which IRA and/or ESA is right for you, please contact our 24-Hour Member Service Contact Center: (317) 276-2105 or toll-free (800) 621-2105 or email email@example.com. Or consult with Elements Wealth Management.