Education IRAs

While there is a lot to know about education IRAs, the following is a brief description.

An Education IRA is a trust or custodial account that is created or organized in the United States exclusively for the purpose of paying the qualified higher education expenses of the designated beneficiary of the account. The account must be designated as an Education IRA when it is created in order to be treated as an Education IRA for tax purposes.

The name is misleading, as an Education IRA is not actually an IRA and is not related to retirement in any way.

If you would like to know more about investing in an Education IRA please contact us and set up an appointment with one of our representatives.

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