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Reply to "USAA 529 Plan and Coverdell ESA "
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[quote=Anonymous]My understanding of the Coverdell is it is another savings account that is akin to an IRA for educational savings. The disadvantage is that the contribution limit is only 2000 a year. The one advantage is that you can use it to pay for private K-12 as well as college. I am curious about people's experiences with these savings vehicles as well--because it seems like the only tax-differed savings vehicle that you can use to save for private high school (however at 2,000 a year, you'd just get a little over a year's worth of tuition, but I suppose every bit counts). I also like the idea of being able to pick investments. However it doesn't seem to be talked about as much on this forum.[/quote]
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