“Don’t underestimate the benefit of this tax shelter,” urges the author of today’s article in his discussion of the Coverdell Education Savings Account – an account that functions much like a Roth IRA and from which distributions are tax-free as long as the funds are for expenses related to schooling. There’s still time to open one for the 2016 tax year, so to read more about Coverdell ESAs – including who can have one, who can contribute to one, and how much you can sock away in any given year – CLICK HERE.