What is a Traditional or Roth IRA & Coverdell Education Savings Account?
Traditional and Roth IRAs are accounts that provide tax advantages while helping Americans save for retirement. The Coverdell Education Savings Account is created for the purpose of paying qualified education expenses of the designated beneficiary (a child) of the account. IRA and Coverdell ESAs opened at Delta Community CU are insured, dividend paying accounts.
We advise that you speak with your tax professional to verify eligibility to open and contribute to an IRA or Coverdell ESA.
