Coverdell Education Savings
Give your child a head start. Invest in assets your way to help pay for education expenses.
2 Great Self-Directed Solutions
Checkbook Controlled (LLC)
A special purpose limited liability company (LLC) is established. As manager, make alternative investments on behalf of your Coverdell ESA through a local bank. Learn more
Custodian Controlled
Invest in alternative assets, such as real estate, with your Coverdell ESA. Diversify your retirement portfolio and invest in assets you know and trust. Learn more
Contribute Up to $2,000 Per Beneficiary
Income must be $110,000 or less for individuals or $220,000 or less for couples filing jointly. Corporations and trusts may contribute without income restrictions.
Take Tax-Free Distributions
Distributions are not taxed if they are less than the cost of qualified education expenses.
Self-Direct Your Coverdell ESA
With checkbook control, invest in alternative assets without a custodian.
Get Educational Expenses Covered
May include tuition, fees, books and other supplies, tutoring services, internet access, and much more.
The Coverdell ESA
An ESA is a federally sponsored, tax-advantaged trust or custodial account set up to pay for qualified education expenses.
Do everything on our app
1. Open an account
Sign up in minutes with our app and open a self-directed account or call us at 800-472-1043.
2. Roll over funds
Perform a no-hassle and tax-free transfer or rollover of your retirement funds.
3. Invest
Invest in alternative assets like real estate and much more on your own.
We want to work with you
Individual, institution, or advisor—we’ll handle all your IRA or 401(k) alternative asset custody needs.
We Handle Everything
We open your self-directed bank account, handle all IRS reporting, and offer annual IRS compliance services.
Simple Pricing
Our self-directed plans have no account value fees, account management fees, or minimum balance requirement.
For Institutions & Advisors
Gain online access to client accounts and generate fees from your clients’ investments in alternative assets.
Download our info kit for more in-depth reading about the Coverdell ESA
Robust, easy to read, and updated for 2024. This guide is your one-stop shop for all the most important questions about the Coverdell ESA.
Our fees
Our fees are simple and transparent.
What you can invest in
With a self-directed account, you can make almost any type of investment and generate tax-free gains.
