A Coverdell Education Savings Account (ESA) is a tax-advantaged investment account designed to encourage savings for future education expenses. It can be established for a beneficiary under the age of 18, and the savings can be used for qualified education expenses from elementary through higher education.
A Self-Directed IRA is an Individual Retirement Account that allows the account holder to actively manage and make investment decisions, distinguishing it from standard IRAs managed by institutions.
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