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What is the difference between a Traditional, Roth, and Coverdell Education IRA?

April 26, 2017Roth traditional

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What is the difference between a Traditional, Roth, and Coverdell Education IRA?

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Traditional IRA is a tax-deferred individual retirement account. A Roth IRA is a tax-advantaged retirement account. Coverdell Education Savings Accounts (ESAs), formerly known as Education IRAs, are trusts created exclusively for the purpose of paying the qualified education expenses of the designated beneficiary of the trust.