Coverdell Education Savings Accounts allow individuals to invest funds for educational purposes.
What Is a CESA?
Coverdell Education Savings Accounts allow individuals to invest funds for educational purposes. Formerly known as an Education IRA, this trust or custodial account is created for the purpose of paying qualified education expenses of the designated beneficiary. Contributions to a Coverdell ESA are not deductible, but all distributions are tax-free if they are less than qualified education expenses at an eligible institution. Education savings accounts can be applied to qualified elementary, secondary and higher education expenses.
Our mission at Horizon Trust Company is to provide education on the power of Self Directed IRA’s, to empower investors who are interested in diversifying their portfolios and gaining tax-free investment freedom. We are grateful and accountable to our clients and to each other. We respond promptly as we pull up and work as one to protect the financial assets of our clients and well-being of team members.
Legal Disclaimer: Horizon Trust Company is an independent passive Custodian and is not associated or affiliated with and does not recommend, promote or advise any specific investment, investment opportunity, investment sponsor, investment company or investment promoter or any agents, employees, representatives or other of such firms or entities. Investments are not FDIC Insured, offer no bank guarantee and may lose value.