Series 24: Coverdell Education Savings Account

Taken from our Series 24 Online Guide

Coverdell Education Savings Account

The Coverdell Education Savings Account, also called an Education IRA, is similar to a Roth IRA in that contributions are made with after-tax dollars and all withdrawals can be made tax-free, as long as they are used for qualified educational expenses before the age of 30. Withdrawals can be used to finance any level of education, from the primary and secondary levels through college.

If there is a balance in the account when the beneficiary reaches age 30, a distribution must be made within 30 days to main

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I studied for the Series 24 for two and a half months. I thank God for his grace passed on the first attempt. The exam simulator is superb, it's projection of readiness to sit for an exam is spot on. All the feedback I received on how difficult the test was proved to be very helpful. As a result I over studied and followed the recommended study plan step by step which was key. Thanks again Jeremy and team, Solomon exam prep is the best ;)

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I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

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Hope Brackin, Cambridge Investment Research, Inc., Auburn, AL

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Chris Brice,CFA Bell Potter Cantley, Québec, Canada