[Series 65] 54, Education Savings 529 and Coverdell

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: That 529 plan contributions may be deductible at the state level, but not the federal level. How the five-year gift tax averaging, or 'superfunding,' rule works for 529 plans. The specific types of qualified education expenses for both 529 plans and Coverdell ESAs. The strict annual contribution limit of $2,000 per beneficiary for a Coverdell ESA. That high-income earners are prohibited from contributing to a Coverdell ESA, but not a 529 plan. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel:    / @open-exam-prep