What are the advantages of a Coverdell Education Savings Account?
A Coverdell Education Savings Account offers greater investment flexibility. Parents or guardians can invest Coverdell Education Savings Account funds in practically any investment such as common stock of a start up company, preferred stock in a large, Blue Chip business, a mutual fund or even a money market account. Most brokerage companies and mutual fund companies offer Coverdell Education Savings Accounts. It is simply a matter of contacting a company, setting up a Coverdell plan, and choosing investments. Another advantage is in the way Coverdell Education Savings Account and other education savings plans is the way the funds can be used. Many college savings accounts are limited to higher education expenses. But a Coverdell Education Savings Account can be used for any educational expense at any level including funds for elementary school or high school tuition at a private institution in addition to tuition and fees at a college or university. A third advantage is that Coverdell
