A Coverdell education savings account (Coverdell ESA) is a custodial account or trust established specifically to pay qualified education expenses for the account’s designated beneficiary.
A Coverdell education savings account is similar to a 529 plan, with more flexibility for investments but stricter rules on contributions. You can only contribute up to $2,000 annually per year ...
Members can open IRA certificates and Coverdell education savings certificates as well, both of which have the backing of National Credit Union Administration (NCUA) insurance. When you research ...
When you retire, you're allowed to make tax-free withdrawals because any money you deposited has already been taxed. Put money in an education-related account such as a 529 plan or a Coverdell ...
There is no annual contribution limit for this account. You can withdraw the money without any tax benefits if you use the amount on education expenses. A Coverdell education savings account (ESA) is ...