Series 53: Rollovers

Rollovers

Besides rolling over the fund from one beneficiary to another, the funds in a 529 plan can also be rolled over from:

• • One kind of 529 plan to another (e.g., college savings plan to prepaid tuition plan)
• • One state’s 529 plan to another state’s 529 plan

Each of these types of rollovers can be conducted without any tax consequences if the funds are deposited in the new account within 60 days of withdrawal from the old account. Plan-to-plan rollovers may only be done once in a 12-month period.

Investments within a 529 plan can be changed up to two times within a 12 month period.

Sample Question

Contributions to a 529 co