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Educational IRAs

(credit: Photo by Joe Raedle/Newsmakers)

What Are Coverdell Education Savings Accounts?

An ESA is another savings program for educational expenses which can be set up for kids under 18 years of age. The annual contribution limit is $2,000 per child.

WBZ NewsRadio 1030–11/06/2013

Nichols College in Dudley

What Are Coverdell Education Savings Accounts?

When ESA’s were created they were named Educational IRAs and limited to a $500 contribution. With a name change they became the Coverdell Education Savings Accounts.

WBZ NewsRadio 1030–11/07/2012

Princeton University, Princeton, New Jersey

Saving For College: Coverdell Education Savings Accounts Aka ESAs

These were the Educational IRAs that had a name that made no sense.

WBZ NewsRadio 1030–11/09/2011