Formerly known as an Education IRA, a Coverdell Education Savings Account (Coverdell), is a federally sponsored, tax-advantaged trust or custodial account set up to pay for qualified education ...

Education savings accounts once had promise, but they're about to fall off the cliff. With tuition costs soaring, saving for education is more important than ever, and Coverdell ESAs have been one of ...

Q: I know there are two college-specific savings accounts -- the 529 savings plan and Coverdell ESA. However, the 529 is the only one I see discussed in the news most of the time. Is there something ...

A Coverdell education savings account (ESA) is one way to save for education expenses on a tax-advantaged basis. The ESA allows you to invest in potentially higher-earning assets, helping to ...

I have a Coverdell Education Savings Account for my son. He'll be graduating college soon but will not have exhausted the Coverdell account. Although he attended a private high school, we didn't tap ...

A Coverdell, a.k.a. Education Savings Account, allows you to accumulate investment earnings tax-free. As with a 529 account, you get no federal tax deduction for contributions to a Coverdell. As with ...

Families may want to consider multiple types of savings vehicles when deciding how to save for college. Coverdell Education Savings Accounts, known as ESAs, are tax-advantaged accounts designed to ...

Both Coverdell ESAs and 529 plans offer significant benefits for educational savings, including tax advantages and the ability to cover a wide range of educational costs. However, there are key ...

BOSTON (CBS) - When ESAs were created they were named Educational IRAs and limited to a $500 contribution. With a name change they became the Coverdell Education Savings Accounts or ESAs. Currently ...

Many families are familiar with the popular 529 plan for tax-free college saving. But whatever happened to the 529's poor relation, the Coverdell Education Savings Account? Well, after being shunned ...

A Coverdell ESA is one of the two main tax-advantaged college savings accounts. Here's what you need to know. A Coverdell Education Savings Account, also known as a Coverdell ESA, is a tax-advantaged ...