Know that you can use the funds for many different educational tuitions. You can withdraw the funds for elementary, high school and post-secondary school tuition.
Understand that you can use the funds from a Coverdale Education IRA for public and private schools. The private schools may also be religious schools.
Pay for not only tuition and fees but also books and supplies. As long as the monies are used for education, there's no taxation or penalty. Room and board are also included in legitimate uses.
Furnish a tutor for your child with the monies in a Coverdale Education IRA. The cost of tutoring is considered to be a legitimate cost of education. If you have a child that needs additional help, this plan works effectively for your child.
Remove the funds by contacting the institution that holds them. You have to distribute the funds by the time the child reaches the age of 30. These can be transferred to another member of the family to use.