Coverdell Education
Savings Account
With public and private college tuition on the rise, there is, fortunately, the Coverdell Education Savings Account to help individuals save for a child’s education expenses—kindergarten through graduate school. Parents, family members and others—as long as their yearly income does not exceed $110,000 if single or $220,000 if married—may contribute up to $2,000 annually for each child under the age of 18.
Contributions are made with after-tax dollars, but withdrawals of earnings and contributions may be tax-free to the recipient if used for qualified education expenses. All funds must be completely distributed by age 30 (special need provision may apply).
We can help you establish an investment plan to help meet your financial goals, including saving for higher education. For more information, or to open a Coverdell Education Savings Account, contact us at 714/258-4000, Monday through Friday, from 9 a.m. to 5 p.m.
*Representatives are registered, securities are sold, and investment advisory services are offered through CUNA Brokerage Services, Inc. (CBSI), member
FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value, and are not obligations of or guaranteed by SchoolsFirst FCU. CBSI is under contract with SchoolsFirst FCU, through the financial services program, to make securities available to Members.
CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty states of the United States of America.
