EDUCATIONAL SAVINGS ACCOUNT (ESA)
Also known as "Coverdell IRAs." A Coverdell ESA account is a trust or custodial account designed to help families pay for education and education related expenses. Coverdell ESA offers tax-free earnings growth and tax-free withdrawals when the funds are spent on qualified expenses.
These accounts come in various forms including savings and CDs. Ask us how an ESA might be right for your family.
*Consult your tax advisor for further information.