Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Much appreciated!

I have 529 plans going, but prefer Coverdell maxed because of advantages it offers for that $2K

We tripped the contribution limit for married filing jointly, so we can’t directly contribute.

Additionally, Schwab told us that they weren’t sure we could contribute to a ESA using a child’s UTMA account.

I have read that TD Ameritrade is okay with it.

I was thinking the gift to child via custodial account would be easiest, given the conversation with grandparents might come off awkward.
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.