- Education IRA
- A type of individual retirement account enabling the contribution of up to $500 per year tax free for each child up to the age of 18 by the parents in the family. Bloomberg Financial Dictionary
Financial and business terms. 2012.
Education IRA
Look at other dictionaries:
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. The education IRA is now refered to as the Coverdell ESA. The funds in an education… … Investment dictionary
Education IRA — /ˌedjυ keɪʃ(ə)n ˌaɪrə/ noun US an account in which people can contribute up to $500 annually for the education of a child or a grandchild under the age of 18. These contributions are not tax deductible but can grow tax free. There is no tax on… … Dictionary of banking and finance
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