2-Minute Tax Tip: What's an Educational IRA?
Mark J. Kohler breaks down five benefits of the flexible Educational IRA.
Paying for your children's education is more expensive than ever, so it's important to start planning well ahead of time -- and to plan creatively. Many people have seen advertisements for a 529 plan (a state- or educational institution-operated savings plan that helps families save for future college costs), but the Educational IRA is a great tool that allows you to save up to $2,000 per year, per child . . . and it's something that you definitely shouldn't overlook when it comes to college planning.
Watch more videos from Mark J. Kohler on his YouTube channel.
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.