A Coverdell Educational Savings Account (ESA) is a tax advantaged account for the purpose of funding various levels of education, not just college. Elementary and secondary educational expenses can also be covered.

Key Benefits

  • Contributions are not tax deductible but grow tax free until distribution
  • Contributions can be made until beneficiary turns age 18
  • Must be used for qualified educational purposes
  • Income limitations may restrict your ability to contribute
  • Annual contribution limits are relatively small

To get started on education planning or funding a Coverdell ESA, please call our Director of Financial Planning, Jonathan Stano, CFP®, at 864-552-4779 or submit a contact form.

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