answersLogoWhite

0


Best Answer

there is a maximum yearly contribution limit.

User Avatar

MaccP Dawg

Lvl 2
βˆ™ 2y ago
This answer is:
User Avatar
More answers
User Avatar

Anonymous

Lvl 1
βˆ™ 3y ago

there is a maximum yearly contribution limit

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a characteristic of the coverdell education savings account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Whom does the funds left over from coverdell education savings account after all education expenses are paid?

The beneficiary receives the funds left over from the Coverdell Savings Account.


Where you open a Coverdell Education Savings Account?

any financial institution


What is a characteristic of the 529 plan that makes it different from the Coverdell Education Savings Account?

There is no age limit for disbursement of funds APEX 2021


Can a 529 Plan be transfered to the Coverdell Education Saving account?

If you move money from a 529 account into a Coverdell Education Savings Account, you pay taxes and a penalty. It is only tax free if you move money FROM a Coverdell ESA to a 529 plan.


What makes coverdell education savings account unique?

it offers many investment choices


What is a Coverdell Account used for?

A Converdell Account is used for serious savings. It is also known as Converdell Education Savings Account. It is meant to help parents and students save for education expenses.


Which education savings plan can be used for K through 12 expenses as well as post-secondary expenses?

Coverdell Education Savings Plan!


Funds left over from a coverdell education savings account after all education expenses are paid go to whom?

the beneficiary.


Funds left over from a coverdell education savings account after all education expenses are paid go back to whom?

the beneficiary.


Which plan or plans is knowing the withdrawal restrictions important?

both 529 plans as well as the coverdell education savings account


What plan or plans is knowing the withdrawal restrictions important?

both 529 plans as well as the coverdell education savings account


To whom do you go to if you want to enroll in a coverdell education savings account?

A financial advisor.