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Coverdell ESA's

ADDITIONAL INFORMATION

Coverdell Education Savings Accounts A Coverdell Education Savings Account (ESA) offers a way to save for a child's education — from elementary/secondary all the way up to post-graduate studies — with tax-free earnings until funds are distributed.

  • ANB sets up ESA offerings as a one-year IRA
  • $2,000 per year maximum contribution
  • After the child is 18 years old, you can no longer make contributions to this account
  • The money must be used strictly for qualified educational expenses
  • There are limits on the amount that any individual can contribute for any one designated beneficiary for each year


For more information on Coverdell Education Savings Accounts, please click here.

Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC.
The securities products offered, unless otherwise indicated:

  • are not FDIC insured
  • are not a deposit or other obligation of the depository institution
  • are not guaranteed by the depository institution
  • are subject to investment risks, including the possible loss of the principal amount invested
  • IRA's, if invested in the form of a CD in an FDIC member bank, are insured.

This site is published for residents of the United States only. Raymond James' Financial Advisors may only conduct business with residents of the states for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

 

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