by Jane Bennett Clark, from Kiplinger's June issue
Want to steer your college fund through the high seas yourself? With a Coverdell Education Savings Account, you can manage your own investments. You set up the account at a sponsoring institution, such as a bank or mutual fund. As with 529 plans, the money grows tax-free, but with the Coverdell, you can withdraw money tax-free for elementary and secondary-school expenses as well as college costs.
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