2-Minute Tax Tip: What's an Educational IRA?…

Paying for your children’s education is more expensive than ever, so it’s important to start planning well ahead of time — and to plan creatively. Many people have seen advertisements for a 529 plan (a state- or educational institution-operated savings plan that helps families save for future college costs), but the Educational IRA is a great tool that allows you to save up to $2,000 per year, per child . . . and it’s something that you definitely shouldn’t overlook when it comes to college planning. 

Watch more videos from Mark J. Kohler on his YouTube channel.

Related: How to Buy Your First Rental Property in an IRA

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Mark J. Kohler

Mark J. Kohler is the author of The Tax and Legal Playbook and What Your CPA Isn’t Telling You from Entrepreneur Press, and a CPA, Attorney, Radio Show host. He is also a partner at the law firm Kyler Koh…

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