Educational Savings Account

Any Individuals who fall within certain income limits may make contributions up to $2,000 per year on behalf of a child under the age of 18.
Single tax filers with annual adjusted gross income (AGI) up to $95,000 or married couples with AGI up to $190,000 are eligible to make the maximum annual contribution to a Coverdell ESA.

The amount that may be contributed is gradually reduced to zero at AGI levels between $95,000 and $110,000 for single filers and between $190,000 and $200,000 for joint filers.

Click here to open an Educational Savings Account

NOTE: As a discount broker, Trading Direct does not provide advice as to security selection. Taking into consideration the factors of time horizon, investment objectives, and risk tolerance, it is up to the individual to select his/her own investments, which he/she believes will generate sufficient returns.

DISCLOSURE: THE ABOVE INFORMATION PRESENTS GENERAL INFORMATION ONLY, IS THOUGHT TO BE ACCURATE AS OF JANUARY 2005, AND IS SUBJECT TO CHANGE BASED UPON EVER CHANGING US TAX LAWS. TO MAKE CERTAIN THAT OPENING A PARTICULAR ACCOUNT WILL SUIT YOUR NEEDS, BE SURE TO CONSULT A QUALIFIED TAX RESOURCE.