Investor Glossary-coverdell education savings accountInvestor Glossary-coverdell education savings accountInvestor Glossary-coverdell education savings accountInvestor Glossary-coverdell education savings accountInsightful stock market charts - Click here
investor
Categories    # 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

Coverdell Education Savings Account

The HTML to link to this page
 

Formerly called the education IRA, the Coverdell education savings account is an investment plan used for funding a child's college education. The maximum amount one may contribute to a Coverdell education savings account changes over time, and there are several rules one must follow to avoid penalties. For example, any funds in the Coverdell education savings account must be distributed to the beneficiary before his/her thirtieth birthday. The Coverdell education savings account is modeled after the traditional individual retirement account, or IRA. Although contributions to a Coverdell education savings account are not tax-deductible, earnings on it are, provided that they be used to pay for qualified education expenses. IRS Publication 970 offers more information on the Coverdell education savings account.



Rate this Coverdell Education Savings Account definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: quality assurance, minority interest, command economy, Zero Cost Collar, APR, annual return, Key Rate Duration, average price per share, ex-dividend date, phantom income, risk management, in escrow, EBITDA, diluted share, option premium, cancelled check, covered put, required rate of return, labor relations, VIX, balance sheet, current ratio, LIBOR, real GDP, 401a, debt service coverage, 1031 exchange, margin rate, 144a, liquidity ratio, class C shares, wholly-owned subsidiary, deferred tax, irrevocable trust, 1035 exchange, stock market close, deferred revenue, implied volatility, reverse mortgage, retained earnings, dividends payable, inflation, stock split, open position, limit order, ex-dividend, FICO score, FTSE, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use