Coverdell Education Savings Account
Plan ahead to help provide an enriching education.
- A variety of investment options
- Earnings are tax deferred
- Qualified distributions are tax-free
Address the Growing Cost of Education in Michigan
Help Your Child Succeed.
It's no surprise that a good education costs money, and plenty of it. Adventure Credit Union's Coverdell Education Savings Account is a smart way to start saving today for those future expenses.
Benefits
- Can be used to pay for qualified elementary and secondary education expenses in Michigan.
- Earnings grow on a tax deferred basis and qualified distributions are tax free.
- Contributions can be made by multiple people, such as friends and family.
This can be the ideal education savings account (ESA) for families in Grand Rapids, Lansing and other parts of Michigan because it's not just a college savings account - you can use it for elementary school expenses, too.
Please consult with your tax advisor to get full details about the tax advantages.
Answers to your investment questions.
Frequently Asked Question
The Adventure Retirement and Investment Services team can assist you with a 529 College Savings Plan. Contact our Adventure Retirement and Investment Services team today.