Coverdell ESA: The Underutilized and Underappreciated College Savings Account

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The Coverdell ESA is probably the least understood and most underutilized of all the college savings accounts. In the right situations it offers most of the same tax benefits as a 529 plan with some additional flexibility to use the money tax-free in a wider variety of situations. Here’s an overview of the benefits and limitations.Read more…

Why Saving for College Isn’t One of Our Top Priorities

Why Saving for College Isn’t One of Our Top Priorities thumbnail

A lot of parents feel like they have to put college savings at the top of the list of financial priorities. They feel guilty if they don’t, like they’re letting their kids down. But putting other priorities first not only doesn’t make you a bad parent, it might actually mean you’re a really good one. Here’s why.Read more…