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ESA (Education Savings Account): Age of Majority Question...
Expired
Thread created 05-09-2013 by CDI
0 Score 2 Replies 542 Views
Post #59390146 added 05-10-2013 9:50 PM by CDI in Archived Deals
Thank you. I had no idea, it looks like I can not use it on my exam fees though. Major bummer! I may have to just eat the 10% non-qualified distribution penalty and take the money that way. ...
ESA (Education Savings Account): Age of Majority Question...
Expired
Thread created 05-09-2013 by CDI
0 Score 2 Replies 542 Views
Post #59367754 added 05-09-2013 10:32 PM by Jahlapenoez in Archived Deals
They behave very similar to an IRA (they used to be called Education IRAs). Yes you can pay for your qualified education expenses out of pocket, and then withdraw an equal amount from the coverdell....
ESA (Education Savings Account): Age of Majority Question...
Expired
Thread created 05-09-2013 by CDI
0 Score 2 Replies 542 Views
Post #59364846 added 05-09-2013 6:32 PM by CDI in Archived Deals
Well over a decade ago my parents had opened up an ESA for me. Fast forward a decade, I'm told I have a couple grand in that account, and it just sat there because no one even bothered to invest...

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