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


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