Coverdell Educational IRA – Your Key to Saving For College

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The Coverdell Educational IRA is one of the many college financing options you can avail. It is highly favorable in terms of tax and ease in savings. Originally called Education IRA, it was revamped and renamed into the Coverdell Educational IRA that we know today. This education IRA was renamed in honor after the late US Senator Paul Coverdell of Georgia.

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