Investor Glossary-education iraInvestor Glossary-education iraInvestor Glossary-education iraInvestor Glossary-education iraInsightful 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

Education IRA

The HTML to link to this page
 

The education IRA is a savings plan for certain expenses of higher education, such as a university or technical college education. It is not an individual retirement account and is not used for retirement. The amount that may be contributed to an education IRA may change from year to year, due to acts of Congress. Parents and guardians may make contributions to the education IRA of a minor child. Contributions to an education IRA are not tax deductible. However, proceeds from an education IRA will not be taxed, provided that they be used for allowable expenses, such as tuition, room and board, books, and fees. The education IRA is now called the Coverdell education savings account. Any money remaining in an education IRA when the beneficiary reaches age 30 must be withdrawn and will be taxed, as well as penalized.



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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | 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