Given the alarming rate at which universities are increasing their tuition, saving for your child’s college education can seem like a daunting task. But believe it or not, it’s almost more important when you start saving as opposed to how much. So don’t delay.
Fortunately, there are specific accounts that give you a means to invest in your child’s education and provide you with tax-advantages as well.
One popular college-saving option is known as the Coverdell Education Savings Account, or ESA.
What Is an ESA?