If you are a parent and you are wondering about how you are going to pay for your children’s college, you should look into starting an education IRA. They are not difficult or very expensive to start. We have compiled a list of resources to assist you in all of your education IRA questions.
With an education IRA, you are able to add $2000 per child per year to each of their education IRAs. Imagine having all the resources ready for your child or children to go to college when the time comes. Money going into an education IRA is not tax deductable but the money that grows within an education IRA will be tax free. The money taken out must be used for educational means, books, tuition and fees.
You really cannot go wrong when it comes to saving money for your children. The gift of education is the gift that keeps on giving.
Click onto one of the resource listings below to start answering your questions about education IRAs today.
Other Education IRA Resources:
