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Self-Directed Coverdell Education Savings Account

Self-Directed Coverdell Education Savings Account

A Coverdell Education Savings Account (ESA), is a federally sponsored, tax-advantaged trust or custodial account. Formerly the Education IRA, it’s set up to pay for qualified education expenses. Who can Establish a Coverdell ESA? Any student under the age of 18 can open a Coverdell ESA. However, the student must withdraw the assets by the […]