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Course 210: How to Invest for College | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Education Savings Account | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Coverdell Education Savings Account (formerly known as the Education IRA) is a creation of the Taxpayer Relief Act of 1997. As the name implies, it's tailor-made for college savings. Here are the answers to the five college-savings-plan questions:
The Education Savings Account is a good choice for anyone who qualifies. However, saving just $2,000 per year for college may not get your kid very far. As a result, the Education Savings Account should only be one part of your college-saving plan. Next: Section 529 Plans >> |
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Learn how to invest like a pro with Morningstar’s Investment Workbooks (John Wiley & Sons, 2004, 2005), available at online bookstores. | ||
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