Tax-Advantaged Accounts

Coverdell Education Savings Account (ESA)
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.
Self-Directed IRA
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.

Accounting Terms Lexicon

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