Comments for Ways to Save for College http://waystosaveforcollege.com 529 plans, Coverdell ESA's, Crummey Trusts and Educational IRA's Sat, 11 Oct 2008 19:43:02 +0000 http://wordpress.org/?v=2.6 Comment on Coverdell Education Savings Account by Lucille Magruder http://waystosaveforcollege.com/coverdell-education-savings-account#comment-10281 Lucille Magruder Wed, 09 Apr 2008 20:57:50 +0000 http://waystosaveforcollege.com/coverdell-education-savings-account#comment-10281 Is there an age limit at which hte beneficiary cannot contribute to their own Coverdell/530? Is there an age limit at which hte beneficiary cannot contribute to their own Coverdell/530?

]]> Comment on Coverdell Education Savings Account by Coverdell Site http://waystosaveforcollege.com/coverdell-education-savings-account#comment-9351 Coverdell Site Mon, 18 Feb 2008 14:31:42 +0000 http://waystosaveforcollege.com/coverdell-education-savings-account#comment-9351 It's also worth noting K-12 expenses will no longer qualify also. It’s also worth noting K-12 expenses will no longer qualify also.

]]> Comment on Coverdell Education Savings Account by Ways to Save for College http://waystosaveforcollege.com/coverdell-education-savings-account#comment-5135 Ways to Save for College Mon, 23 Jul 2007 14:27:12 +0000 http://waystosaveforcollege.com/coverdell-education-savings-account#comment-5135 Steve, Unless Congress steps in, it looks like the Coverdell will be becoming much less attractive after 2010. You can contribute to a Coverdell and under current laws, you would be allowed to roll those monies over into a 529 plan if the changes do go through. Steve,

Unless Congress steps in, it looks like the Coverdell will be becoming much less attractive after 2010. You can contribute to a Coverdell and under current laws, you would be allowed to roll those monies over into a 529 plan if the changes do go through.

]]> Comment on Coverdell Education Savings Account by Steve http://waystosaveforcollege.com/coverdell-education-savings-account#comment-5090 Steve Thu, 19 Jul 2007 23:28:20 +0000 http://waystosaveforcollege.com/coverdell-education-savings-account#comment-5090 My wife is due in December. We would like our child to go to private primary and secondary schools. It sounds like the Coverdell would be ideal for this pupose, but I've heard that Coverdell contributions will be restricted to $500 beginning in 2011, and that the funds can no longer be used for primary and secondary school costs at that time. Is this correct? If so, what would happen to contributions made before 2011 in the years 2011 and later? Would they all have to be used for college, or could pre-2011 contributions be used for primary and secondary eduction in the year 2011 and beyond? In other words, would investing in a Coverdell for primary and secondary education for a child who won't be in primary education until at least 2012 be a waste of time? My wife is due in December. We would like our child to go to private primary and secondary schools. It sounds like the Coverdell would be ideal for this pupose, but I’ve heard that Coverdell contributions will be restricted to $500 beginning in 2011, and that the funds can no longer be used for primary and secondary school costs at that time. Is this correct? If so, what would happen to contributions made before 2011 in the years 2011 and later? Would they all have to be used for college, or could pre-2011 contributions be used for primary and secondary eduction in the year 2011 and beyond? In other words, would investing in a Coverdell for primary and secondary education for a child who won’t be in primary education until at least 2012 be a waste of time?

]]> Comment on Coverdell Education Savings Account by Ways to Save for College http://waystosaveforcollege.com/coverdell-education-savings-account#comment-4928 Ways to Save for College Mon, 09 Jul 2007 15:50:17 +0000 http://waystosaveforcollege.com/coverdell-education-savings-account#comment-4928 Katie, Yes it can. Katie,

Yes it can.

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