The Roth and Education IRAs offer you a great rate of return and some additional flexibility not found with a traditional IRA. Unlike with traditional IRAs, contributions to the Roth and Educational IRAs are not tax deductible. However, they do offer the opportunity for tax-free earnings. Detailed information is available from First South and can be requested by
e-mail.
If you need to save specifically for college or some other higher-educational expense, then an Education IRA might be your best bet. These IRAs are designed to allow for tax- and penalty-free withdrawals for qualified educational expenses.