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Originally Posted by Scanner
Anyway, I have some money sitting in an Education IRA too for each of them, accumulated gifts from family mostly, and I want to "roll it" into the 529.
Can you do that? I called the mutual fund salesman (financial advisor, sorry) and he said he didn't know. . .he'd check into it, but never got back to me.
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Yes you can rollover an educational IRA (now known as a Coverdell ESA) to a 529. However which 529 plan to choose can become kind of confusing. There are quite a few circumstances and situations you have to take into consideration. Your best bet would be to check out this website and start from there:
http://www.savingforcollege.com/
It can answer a lot of questions about what to look for in a plan and the different types that are out there. Each state offers their own 529 with various benefits to residents.