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Coverdell Educational
Formerly known as an education individual retirement account, Coverdell Educational Savings is a tax-advantaged investment account in the United States designed to encourage savings to cover future education expenses (elementary, secondary, or college) such as tuition, books, uniform, etc.
A Coverdell Education Savings Account (ESA) is an account created as an incentive to help parents and students save for education expenses. Contributions to a Coverdell ESA may not be deductible, but your savings grow tax-free until distributed.
Benefits
Earnings Accumulate Tax Free
Contributor Does Not Have To Be Related
Can Be Used In Addition To State Tuition Program
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