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Does Pax World offer a college savings plan for my child/grandchild?

April 26, 2017child College Savings grandchild Offer PAX Plan world

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Does Pax World offer a college savings plan for my child/grandchild?

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Pax World offers the Coverdell Education Savings Account (ESA). Any individual may contribute up to $2,000 to an ESA if the individual’s modified adjusted gross income for the taxable year for which the contribution is made is no more than $95,000 ($190,000 for married taxpayers filing jointly). The $2,000 maximum is gradually phased out if your modified adjusted gross income falls between $95,000 and $110,000 ($190,000 and $220,000 for married taxpayers filing jointly).