|
The Educational Savings Account was introduced to help you save for your children's college costs — without paying taxes on the earnings. Here are some of the highlights of this unique product:
- Non-tax-deductible contributions can be made of up to $2,000 per year
per child under the age of 18. The child can be yours, a grandchild, a niece,
a godchild, etc.
- Earnings are tax and penalty-free, as long as they are used to pay for
higher education expenses and are withdrawn before the child reaches age
30.
- You can make a full $2,000 contribution to an Educational Savings Account
even if you've already contributed to a Traditional IRA, a Roth IRA or an
employer-sponsored retirement plan.
For more information about Educational Savings Accounts, Contact Us.
|
Help: What type of browser
should I use?
