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re: Coverdell vs 529 differences???
Posted on 3/24/15 at 2:25 pm to poochie
Posted on 3/24/15 at 2:25 pm to poochie
I did the Coverdale option cause I can pick my own stocks/funds to invest in one trade. The limit per year is $2k (I think) so it can't be the whole tuition savings plan for us.
One thing to consider especially with custodial accounts is that the funds in there count towards the child's net worth. This matters when applying for various programs. Need based and other college programs will count those funds.
In a Coverdale acct the funds count as the parents money.
One thing to consider especially with custodial accounts is that the funds in there count towards the child's net worth. This matters when applying for various programs. Need based and other college programs will count those funds.
In a Coverdale acct the funds count as the parents money.
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