- August 1, 2019
12:00 PM - 1:00 PM
Specialty plans such as Health Savings Account or a Coverdell Education Savings Account cannot only be used to pay for qualified expenses, but can be Self-Directed for investments to save for your future retirement. The HSA is the only account where contributions are both tax deductible and qualified medical expense distributions are tax free – we like to call it the best of both worlds!
Using a Coverdell Education Savings Account, you can Self-Direct an investment in your IRA and grow the account to fund your children or grandchildren’s education. All qualified educational expenses can be distributed tax free! Watch this 2 part class and learn more about tax free distributions from these specialty plans!