What Is an ESA?

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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.

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Education Savings Account: Introduction | Investopedia More
Published: 9 years, 6 month(s) ago by Rachel Bernardo | permalink
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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]

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Intro to Esas - Coverdell Education Savings Account More
Published: 9 years, 6 month(s) ago by Allison Greenfield | permalink
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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]

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Coverdell Esa Versus 529 Plan More
Published: 9 years, 6 month(s) ago by Karen Yung | permalink
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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]

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Understanding Coverdell Esas - Coverdell Education Savings Account More
Published: 9 years, 6 month(s) ago by sue guest | permalink
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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]

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Category: Fun | 9 years, 6 month(s) ago

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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/