Series 24: Coverdell Education Savings Account

Taken from our Series 24 Online Guide

Coverdell Education Savings Account

The Coverdell Education Savings Account, also called an Education IRA, is similar to a Roth IRA in that contributions are made with after-tax dollars and all withdrawals can be made tax-free, as long as they are used for qualified educational expenses before the age of 30. Withdrawals can be used to finance any level of education, from the primary and secondary levels through college.

If there is a balance in the account when the beneficiary reaches age 30, a distribution must be made within 30 days to main

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3rd time is a charm and it took Solomon to do it. None of the other materials in my first two attempts were strong enough to enable me to reason my way to the correct answers. Solomon's angle on this material was closest to the actual test and was the reason I got there.

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Jason Bowen, Southington, CT

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

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