Grandmother Goes Back to School and Starts Business
There aren’t too many grandmothers that go back to school and then start their own business, but Laura Burke is one of them.
She used an Individual Development Account (IDA) to earn her bachelor’s degree in accounting from the University of Indianapolis and launch her own home-based business — Laura Tax Services. Charging half of what the larger tax-preparation companies do, people are drawn to Laura Tax Services for its lower prices.
When she sees clients that could benefit from an IDA, she does not hesitate to tell them all about it.
“This program helped me and now I have to pay it forward to help others,” she said.
Individual Development Accounts are matched savings accounts that help low- to moderate-income individuals and families achieve lifelong goals, such as going to college or starting a business. CFED was an early advocate for IDAs as a social innovation that has been proven to expand economic opportunity.
1200 G Street, NW