Coverdell Education IRA
Schools offers an Education IRA for families saving for a child's education. Eligible individuals may make nondeductible contributions to a Coverdell Education IRA to pay for a child's qualified college expenses. Qualified distributions are tax free and penalty free. Please consult a tax advisor for more information regarding tax benefits.
You can choose to open a savings IRA with a variable rate, or you can lock in a Premium Rate Certificate for a variety of terms. Schools does not assess fees or handling charges to maintain your IRA accounts, so you’ll enjoy even higher returns on your investments.
For more information on the Schools Personalized IRA PlusSM programs, email our IRA Specialist or contact the Call Center at 916-569-5400 (Sacramento area) or 800-962-0990. You may also attend our FREE IRA Seminars.