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Explore Pros, Cons of Using Coverdell Accounts for College Savings

Coverdell Educational Savings Accounts are similar to IRAs, in that they allow account holders to make contributions to an investment account. Those advantages certainly create an attractive option for parents, but as with any potential investment , there are benefits and drawbacks. In a Coverdell, however, there are no such restrictions. Parents can choose to invest in real estate, precious metals, the stock market or any other asset class ,