Kids grow up fast, so the right investment strategy could help you keep up with the costs of higher education.
A Coverdell Education Savings Account (CESA) is an account in which the child owns the money, but a parent or legal guardian manages the account.
Consider this type of account if:
- You plan on saving up to $2,000 per child, per year, specifically for elementary, secondary, and/or college expenses.
- You have started saving for college early in your child's life.
- As a donor, you are under the income limits to make contributions ($110,000 for single filers, $220,000 for married couples).
- You are a parent or legal guardian who wants to open the account on behalf of your minor child who has a Social Security number.
Is a Coverdell ESA right for you?
This account is intended for the purpose of paying for your child’s education, and withdrawals are tax-free when used to pay for qualified education expenses.
Tax Features and Investments
Withdrawals and Helpful Information
Open a Coverdell Education Savings Account
Give the Gift of Education
Saving for your child's education may be one of the most important investments you'll ever make. Taking action now can help ensure there's plenty of time to save for schooling. Download an application or contact Janus Henderson for more information.
Develop a College Investment Plan
Create a blueprint and maximize the potential to meet your college savings goal.
Use the College Planner to assess tuition and fees, room and board and other expenses for a variety of colleges and universities across the U.S.