Coverdell Education Savings Accounts (ESAs)
Paying for your child’s education is a major financial investment. Luckily, Suncoast offers a Coverdell Education Savings Account (ESA) to make the expense more manageable.
- Student Savings
- Save Automatically
- Health Savings Accounts
- Education Savings Accounts
- College Savings Calculator
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ESAs help you save along the way for your child’s education. You can contribute up to $2,000 a year towards an ESA where your child is the beneficiary up until he or she is 18. And while contributions aren’t tax-deductible, the interest they earn is tax free if they are used to pay eligible education expenses.
It’s important to consult with a tax professional to ensure receiving the best possible tax benefits.
Suncoast offers the advice and resources you need to be successful in financial planning throughout your life.