INDIVIDUAL RETIREMENT ACCOUNTS (IRA)

COVERDELL EDUCATION SAVINGS ACCOUNT (ESA)

DESCRIPTION

A tax-advantaged account designated to help fund higher education costs for a child.  For annual maximum contribution limits, please refer to the website's section on IRA Contributions  

CASH ACCOUNT

All securities in a cash account must be paid in full. 

REQUIRED DOCUMENTS

New Account Form
Coverdell ESA Simplifier Form
IRA Deposit Slip
Copy of driver's license or passport for Depositor / Responsible Individual

OPTIONAL FORMS

Account Transfer Form

CHECK LIST

A check payable to Penson Financial Services, Inc. ($500 account minimum plus $25 setup fee)
Please make sure that all beneficiary information on your Coverdell ESA Simplifier Form is complete

NOTES & RESTRICTIONS

Depositor / Responsible Individual must be at least 18 years of age
Domestic U.S. Cash Account Only