Birmingham Consumers Discover Coverdell Education Accounts and More College Funding Strategies

(EMAILWIRE.COM, August 18, 2010 ) Birmingham, MI Â– Coverdell Education Accounts, formerly known as Education IRAs before 2002, have become a popular college savings plan for parents and grandparents looking to invest in a childÂ’s future higher education expenses.

Coverdell Education Accounts have certain income tax advantages including tax deferred savings and growth and tax-free withdrawals when used for qualified education expenses like college tuition and books.

For some, there may also be disadvantages including annual maintenance fees or penalties that could affect your overall investment return.

Income tax guidelines and eligibility requirements can make Coverdell Savings Accounts difficult for some consumers to understand. Contribution limits and withdrawal guidelines, management and control, and income tax reporting can be daunting and overwhelming.

This is why many parents feel frustrated and helpless when it comes time for their child to go to college and they just cannot afford it. Upon recognizing a need for college money coaching services, Jeffrey Taylor has taken action to satisfy this niche market.

Jeffrey Taylor is a certified college planning specialist with over 20 years experience in financial consulting. His programs have taught thousands of parents about cutting-edge techniques to planning and funding their childrenÂ’s college educations.

Jeffrey TaylorÂ’s process focuses on tuition reduction strategies that put money in his clientsÂ’ pockets by reducing their out-of-pocket college expenses. The process is designed to help parents and business owners with an annual income of over 75,000, who do not qualify for need-based financial aid.

The typical cost of a college education averages about $250,000 per student. To learn how to reduce or even eliminate college tuition and expenses, visit http://www.coverdelleducation.com

Contact:

Jeffrey Taylor
Certified College Planning Specialist
College Funding Resources
20700 Civic Center Dr; Ste. 170
Southfield, MI 48076
Local: 248-230-9558
Toll free: 800-358-7563
help@thecollegemoneycoach.com

What is a Coverdell Education Savings Account? Read http://www.coverdelleducation.com/p/coverdell-education-savings-account.html

This press released was distributed by Right Now Marketing Group, LLC

College Funding Resources
Jeffrey Taylor
800-358-7563
yourmoneycoach@gmail.com