529s and Coverdells
529 - Invest tax free for college whereas with coverdell you can invest for any education level which includes private elementary schools.Comparitively 529 has a higher expense ratio.
For 529, total contribution varies by state but in hundred thousands. For coverdell, it is 2000 per year.
No income limitations for 529 contributions but coverdell has.
529 has its own investment options which varies by the state. In coverdell, you can invest in any non insurance securities.
You can invest in both 529 and coverdell programs.
posted by Valli @ 9:50 AM
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