College Planning

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Coverdell ESAs: The Tax-Advantaged Way to Fund Elementary and Secondary School Costs

By |June 6th, 2017|

The school year’s end is a good time to think about Coverdell Education Savings Accounts (ESAs), especially if you have young children or grandchildren. One ESA advantage is that tax-free distributions aren’t limited to college expenses; they also can fund elementary and secondary school costs, such as tutoring and private school tuition. Learn more in this new blog post.

Want to Save for Education? Make 2016 ESA Contributions by December 31

By |December 20th, 2016|

If you don’t make a 2016 Coverdell Education Savings Account (ESA) contribution by December 31, the opportunity will be lost forever. Contributions aren’t deductible, but ESAs can grow tax-deferred and withdrawals used for qualified education expenses (not just for college, but also for elementary and secondary school) are tax-free. Learn more about the rules surrounding ESA contributions and how they can help you save for education in our latest blog post.

Prepaid Tuition vs. College Savings: Which Type of 529 Plan is Better?

By |September 20th, 2016|

529 plans offer a tax-advantaged way to fund college. With a prepaid tuition plan, tuition is guaranteed regardless of its cost when the child attends the school. But which 529 plan is right for you? This blog post breaks down the differences between the plans and how they can help you pay for college expenses.