Invest Your Education Fund in Real Estate and Watch it Grow
The Coverdell Education Savings Account (ESA) allows you to save for future education expenses, while expanding the avenues you can invest in. This account can be self-directed into alternative investments allowing a wider range of investment options than the typical education fund. The Coverdell offers the flexibility for any individual (including the designated beneficiary) to contribute to the account provided they meet the income restrictions. For an individual contributor, the modified adjusted gross income (MAGI) limit is $110,000, and for individuals filing joint returns, that amount is $220,000. Organizations, such as corporations and trusts, can also contribute to Coverdell ESAs, with no income requirements.