#esa

Advice on ESA Account

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Advice on ESA Account I recently discovered an ESA (Education Savings Account) in my name but the kicker is I turned 30 over 30 days ago. I’m still paying back student loans and would like to use the money in this account to finish paying off my loans but I’m unsure of the tax implications of withdrawing these funds. Would I be able to use the remainder to reimburse …

Reddit Personal Finance 535 2024-07-15

Coverdell ESA qualified expenses as a apprentice

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Coverdell ESA qualified expenses as a apprentice Hey I have been a plumbing apprentice for 3 years in a 5 year program. I have a coverdell ESA with roughly 20k in it. My tuition is 400ish a semester so I never botherd to try and set up a transfer. But I would like to pull this money out at some point. Is something like a mortgage down payment a qualified “living expense”? Or something of that …

Reddit Personal Finance 1.2k 2024-06-17