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Coverdell education savings accounts (ESA) are meant to help families put funds aside for elementary, secondary or college education expenses. In general, Coverdell ESAs allow you to add $2,000 ...

Today, we'll introduce you to one such tool that often flies under the radar: the Coverdell education savings account (ESA). The Coverdell ESA is an investment account with a few special ...

Editor’s note: This is the third article in a six-part series focused on paying for education using smart financial and estate planning. Part one is Direct Tuition Payments: A Tax-Efficient Way ...

Depending on the state, you might not even have to be the owner of the account to claim a tax deduction for your contribution. A Coverdell education savings account is similar to a 529 plan ...

Best investment accounts for kids Teen-owned brokerage account 529 college savings plan Coverdell education savings account Custodial Roth IRA UGMA or UTMA custodial accounts Who's this for?

but the ESA allows you to use the money for K-12 qualified expenses in addition to college. Although you have complete control over the investments in the account, Coverdell ESAs are not revocable.

Before you can open an account with PenFed ... an IRA certificate, or a Coverdell education savings certificate. You can complete your application for a savings certificate online, over the ...