Coverdell Education IRA
Begin saving for your children's future today.
The Coverdell Education IRA (EIRA) is a great way to set aside funds for qualified post-secondary education expenses of a designated beneficiary. Contributions and earnings from the account are tax free when withdrawn to pay for qualified education expenses that include tuition, fees, books, equipment and supplies.
- Maximum contribution: $2,000 per child in a tax year.
- Maximum is in addition to contributions to Traditional and/or Roth IRAs
Mutual of Omaha Bank offers several Certificate of Deposit (CD) options for funding Coverdell IRAs, including fixed rate and variable rate accounts.
To find out more about an EIRA now, call: 866.351.5646
or open an account at a community bank near you.