Education IRA
A savings plan for higher education. Parents and guardians are allowed to make nondeductible contributions to an education IRA for a child under the age of 18.
Investopedia Commentary
The funds in an education IRA can be withdrawn tax free when they are needed for educational purposes. The education IRA is now the Coverdell ESA.
Related Links
Investing In Your Child's Education
Don't Forget The Kids: Save for their Education and Retirement
Choosing The Right Type Of 529 Plan
College Savings Plans - School Yourself Before You Invest
See also: Coverdell Education Savings Account (ESA), Extended IRA, Income Tax, IRA, Roth IRA, RRSP, SEP, SIMPLE, Traditional IRA