USA Question about withdrawals from Education Saving Account

[George123]

My father opened for me an Education Savings Account (aka Coverdell) years ago, but I did not use all the money. How can I get remaining money from there? Will I have to pay penalties? What options do I have ?

Thanks

 

[kirby]

Top 5 mistakes to avoid when using a Coverdell ESA

If you want to start saving for elementary school, high school or college, a Coverdell ESA is one of your best options. But before you decide to open an account, be sure to look out for these five common pitfalls.

www.savingforcollege.com

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