Coverdell's sole purpose is to help you pay for your child’s education expenses, such as tuition, fees, books, supplies, equipment, and in some cases, room and board and computers
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IRAs FAQs: Traditional IRA
A traditional IRA is a type of retirement plan that has been in existence since 1975. Traditional IRAs offer tax-deferred earnings and the possibility for tax-deductible contributions.
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Teach Children About Money
Teaching basic money management skills to children is critical. Teens spend more than $170 billion a year, according to Teenage Research Unlimited, yet fewer than half know the basics about credit, checking, savings accounts, or auto insurance.