Setting Up Bright Futures
Coverdell Educational Savings Account
You want your children to have the most successful future possible, which always starts with a quality education. You can start saving for that right now with a designated education savings account to help cover schooling expenses from elementary school through college.
Contact us today to find out how we can help.
What Is a Coverdell Educational Savings Account?
A Coverdell Educational Savings Account (ESA) is one of the most efficient methods for saving money for children’s education costs. Funds contributed go directly into investments geared to help pay for your children’s education from the elementary level all the way through college. Your earnings will grow tax-deferred and can be taken from the account without tax penalty to be used for schooling costs such as tuition, class materials, fees, laptops and dorm room and board. You can withdraw money for other purposes, but you will face a 10% penalty.
The sooner you are able to start investing in your child’s education, the more your investment will compound and grow to cover as much cost as possible.
Not sure if a Coverdell ESA is right for you? Take a look at the following features to help you decide.
Coverdell ESA Features
The following features can help you decide if a Coverdell ESA is something you’d like to invest in:
Sound like something you’d be interested in starting for your family? Contact one of our reps today by requesting a quote to get started on setting up an account.