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 ...

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 ...

Like the 529 college savings plan, the Coverdell Education Savings Account (ESA) is a tax-advantaged account geared toward qualified educational expenses. But there are several differences between ...

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 ...

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.