IRA Accounts
Coverdell (Education)
Simplified Employee Pension (SEP)

Coverdell (Education) IRA

Seeing a child work toward a college degree is a
parent’s dream. But with rapidly escalating costs of
higher education, this dream can become a financial
nightmare. A Coverdell Education Savings Account
(ESA) can help parents sleep at night.

 Unlike state 529 plans, Coverdell ESAs can be
used to pay for qualified elementary and
secondary education expenses.

 Earnings grow tax deferred, and distributions
are tax free if the money is used to pay qualified
educational expenses.

Always seek professional tax advice.

 Copyright © 2016 NBA Credit Union. All Rights reserved.