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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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?