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?

Part two is 529 Plans: A Powerful Way to Tackle Rising Education Costs. Part three is Coverdell Education Savings Accounts: A Deep Dive. Future articles will focus on education trusts and family ...

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 ...