Coverdell ESA Calculator

Use this calculator to see the advantages of a Coverdell Education Savings Account. Tax-deferral can have a dramatic effect on the growth of an investment.  With a Coverdell ESA, your contributions can grow tax-deferred and distributed income tax-free as long as distributions are used for qualified education expenses.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. It is not meant to provide you financial, legal or tax advice, and such information should not be relied upon as your only source of information.

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Save for College

A tax-deferred and federal tax-free education account for expenses in kindergarten through college.

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Expand Your Savings

Choose from a range of short- and long-term CDs to save for whatever you have in mind. CDs provide guaranteed rates for secure savings. There’s never a better time to start saving – than today!

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Tax Savings Potential

IRAs provide potential tax advantages with tax-deferred growth or, sometimes, immediate tax savings. Choose from a Roth IRA or a Traditional IRA, both offering the opportunity to save for retirement with tax benefits. 

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