Excess Funds of 529 plan
What can be done with excess amounts that werent needed in a 529 plan
Terry Says
Under the latest law, the BENEFICIARY — not the giver — can roll up to $35,000 of unused 529 plan money into a ROTH IRA — year by year, subject to the annual cap (currently $7,000 for those under 50) — but only if the person has at least $7,000 in earnings from work.
