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How does the Texas College Savings Plan differ from a Coverdell Education Savings Account (formerly known as an Education IRA)?

April 26, 2017College Savings Coverdell differ Education IRA known Plan savings account Texas

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How does the Texas College Savings Plan differ from a Coverdell Education Savings Account (formerly known as an Education IRA)?

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Coverdell Education Savings Accounts offer similar tax advantages but contributions are limited and may not be sufficient to adequately fund a college education. In addition, Coverdell accounts restrict who can contribute based on income levels.