ACCOUNT TYPE

Coverdell Education Savings Account

A Coverdell Education Savings Account (ESA) enables you to make tax-advantaged investments to cover future educational expenses of the beneficiary.

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AT A GLANCE

What should you know about a self-directed Coverdell ESA?

Tax Benefits

Other Benefits

DISTRIBUTION RULES

What should you know about Coverdell ESA distributions?

Beneficiary Facts

Distribution Facts

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GETTING STARTED

How do you fund your Coverdell ESA account?

Contributions

You or any adult can contribute up to $2,000 total per year in 2021. Coverdell ESA contributions are not deductible from your income for tax purposes.

Transfers

Coverdell ESAs with the same beneficiary can be transferred or combined without limit.

Rollovers

A Coverdell ESA can be rolled over to another family member, who would become the new beneficiary.

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OTHER INVESTMENTS

ROI is everywhere if you know where to look

No financial advisor knows you better than yourself. With a Coverdell ESA, you have the freedom to invest your tax-advantaged retirement funds in the assets you’re most passionate about. 

From real estate to startups to small businesses, if you can find it, we will help you fund it.

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EDUCATION CENTER

Want to learn more about Coverdell ESA accounts?

Essential Viewing

Play Video
Foundations of a Self-Directed IRA

Self-Directed IRA Guide

Investor's Guide
To Self-Directed IRAs