EDU Articles
Learn about investing, trading, retirement, banking, personal finance and more.
How Can I Use the Money From My Coverdell ESA?
Coverdell ESA accounts can be used to cover educational expenses. Similarly to a 529 Plan, the money from a Coverdell ESA can only be used for qualified educational expenses.
However, the definitions for “qualified” are broader with this plan, and can be used for educational expenses from Kindergarten through high school, in addition to postsecondary (college) expenses. The downside is that Coverdell’s have a low contribution limit of only $2,000 per year.
The funds have to be used by the time the beneficiary reaches 30 years old, or the account can be transferred to a new family member beneficiary. Note that if your AGI is too high you may not be able to contribute to one, but you can still have a 529 plan.
What are the Contribution Limits For My Coverdell ESA?
How do I allocate my assets in retirement?
What is a Stop Limit Order?
A Stop-Limit Order basically automates the preferences of an investor or trader, to reduce exposure to price uncertainty
What is R-Squared?
R-Squared is a percentage measurement describing how much of a security’s movement is in correlation with its benchmark
What are the basics of options?
Options are contracts used by investors to take a speculative position - or hedge - based on expected future price
What is the minimum investment in a typical venture capital fund?
Minimum investments into venture capital funds tend to be vast sums of money. They tend to be for $1 million or more
What are the Vesting Rules for my SEP IRA?
SEPs are funded entirely by employer contributions, and these contributions are immediately vested for the employee
What is Adjusted Cost Basis?
Adjusted Cost Basis (ABC) is the value of an item for tax purposes, adjusted for depreciation and expenditures
What is a Balloon Payment?
A balloon payment is a lump sum due at the end of a balloon loan term. These terms are usually relatively short (5 yrs)
What is commodity pice risk?
Commodity price risk means that an agricultural or mining business might not be able to predict the revenue generated
What is the Broadening Bottom (Bearish) Pattern?
The Broadening Bottom pattern forms when a stock price makes higher highs and lower lows following two widening trends
What is Ether?
Ether is the currency that powers the Ethereum network, which is a platform of distributed blockchain computing