What Is an ESA?

submit to reddit

Submit Your Tip

What Is an ESA? – This is a place for the community to provide tips and advice on What Is an ESA?. This topic was created by Sue Mc Carthy and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Votes

Tips

1
- Vote
Tip 1
Education Savings Account: Introduction | Investopedia More
Published: 9 years, 5 month(s) ago by Rachel Bernardo | permalink
Vote
This comprehensive guide goes through what an Education Savings Plan is and how to set one up, contribute to it and withdraw from it.
Tags: education,savings,plan,esa,tax deferred,tax free,contribution,distribution,phase-out range,single,married filing joinly,modified adjusted gross income,magi,qualifed education expenses,qualified eduation institution,qualified,education savings,retail banking,saving money,savings account,wm-family,wm-high net worth tax strategy,wm-personal wealth & private banking

For further reading: http://www.investopedia.com/university/retirementplans/esa/ ^[1]

1
- Vote
Tip 2
Intro to Esas - Coverdell Education Savings Account More
Published: 9 years, 5 month(s) ago by Allison Greenfield | permalink
Vote
Back when it was the Education IRA, not too much (despite the lure of tax-free income). In 2002, however, the re-named Coverdell education savings account became a very attractive college savings vehicle for many people, including families that wish to save for elementary and secondary school expenses. In fact, even if you like the 529 plan you may still decide to contribute the first $2,000 of savings for each child into a Coverdell account.
For further reading: http://www.savingforcollege.com/intro_to_esas/ ^[2]

1
- Vote
Tip 3
Coverdell Esa Versus 529 Plan More
Published: 9 years, 5 month(s) ago by Karen Yung | permalink
Vote
The Coverdell ESA has become a worthy competitor for your education-savings dollars.

For further reading: http://www.savingforcollege.com/articles/coverdell-ESA-versus-529-Plan ^[3]

1
- Vote
Tip 4
Understanding Coverdell Esas - Coverdell Education Savings Account More
Published: 9 years, 5 month(s) ago by sue guest | permalink
Vote
Back when it was the Education IRA, not too much (despite the lure of tax-free income). In 2002, however, the re-named Coverdell education savings account became a very attractive college savings vehicle for many people, including families that wish to save for elementary and secondary school expenses. In fact, even if you like the 529 plan you may still decide to contribute the first $2,000 of savings for each child into a Coverdell account.
For further reading: http://www.savingforcollege.com/coverdell_esas/ ^[4]

About Author

More by Sue Mc Carthy

No more topics...

About This Topic

Category: Fun | 9 years, 5 month(s) ago

21.8k+ Reads

4 Tips

4 Votes

0 Likes

0 Saved

Contributors

sue guest, Rachel Bernardo, Allison Greenfield, Karen Yung

References & Citations

1. http://www.investopedia.com/university/retirementplans/esa/

2. http://www.savingforcollege.com/intro_to_esas/

3. http://www.savingforcollege.com/articles/coverdell-ESA-versus-529-Plan

4. http://www.savingforcollege.com/coverdell_esas/