A Savings Plan That Pays for More Than Just College

If you’re thinking about ways to fund your child’s education, the Federal government has provided an incentive—the Coverdell Education Savings Account (Coverdell ESA), formerly known as the Education IRA. Contributions are not deductible, but tax-free withdrawals can be made when used to pay for eligible education expenses. There are, however, income eligibility limits for parents […]