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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

What We Offer

Coverdell education savings accounts

A Coverdell Education Savings Account (ESA) can play an important role in helping pay for qualified education expenses.

Most American Funds, including those in the American Funds Portfolio SeriesSM, are available for Coverdell ESA investments.

Who is eligible?


You can contribute to a Coverdell ESA even if you don’t have earned income. The contribution is limited to $2,000 a year for each beneficiary until the age of 18.

The ability to contribute is phased out as your adjusted gross income increases from:

  • less than $110,000 for individuals
  • less than $220,000 for married couples filing jointly

Who would benefit?


Investors who expect to use the funds for K–12 and beyond
A Coverdell ESA can be used for education expenses such as tuition, books, room and board, computers, peripherals, software and internet access for kindergarten through high school, college and graduate school.

Earnings grow tax-free with the potential to help offset rising education costs.

Investors who may want the beneficiary to gain control of the account
The beneficiary can assume control at the age of majority: 18 or 21 in most states.

Investors who want flexible investment options
Most of the American Funds® can be used for Coverdell ESAs. Account owners can change investments as often as they want.

Setting up an account

Call your financial professional to open an account with American Funds. Don’t have a financial professional?

Other resources

Investment options

American Funds Portfolio SeriesSM

Objective-focused
These funds of funds offer diversification and control in a single investment.

Individual mutual funds

Customized
Investors can build an investment portfolio of mutual funds (excluding tax-exempt funds) to meet their specific preferences and needs.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

This material does not constitute legal or tax advice. Investors should consult with their legal or tax advisors.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Use of this website is intended for U.S. residents only.

American Funds Distributors, Inc., member FINRA.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Allocations may not achieve investment objectives. The portfolios' risks are directly related to the risks of the underlying funds.