SmartMoney Monday 5/18/15: Coverdell Education savings account - Hawaii News Now - KGMB and KHNL

SmartMoney Monday 5/18/15: Coverdell Education savings account

We have received your SmartMoney Monday questions on our Facebook page about paying for college. 

Here from Bank of Hawaii to help answer your questions is Senior Vice President and Wealth Advisor Cori Weston.

Today's question asks, "My friends keep telling me to set up a Coverdell account for my son who is 9-years-old. Can you briefly explain what a Coverdell account is and why I should set one up?"

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