What differentiates the Coverdell Section 530 and the Section 529?

• The Section 529 allows for much larger yearly investments, whereas the Section 530 currently only allows for $2000 annually.
• The choice of investments in the Section 529 is extremely conservative and limited while the Section 530 allows for many different options.
• The Section 530 is a nationwide program while the 529 varies from state to state.
• The Section 530 will let you use its funds for primary and secondary education, while the Section 529 can only be used for secondary.

Posted in: Education Expenses