Yes, you can move funds to a Roth IRA owned by the student listed on your Invest529 account. Your 529 account must be opened for at least 15 years and additional rollover and contribution rules apply. To rollover funds, complete the Roth IRA Rollover Request.
Learn More: What you Need to Know About Roth IRA Rollovers
Yes, you may move funds from another qualified tuition program into an Invest529 account by completing a Move Funds Request. If you do not already have an Invest529 account, you must open one before completing the request.
Funds may also be rolled over from Coverdell Education Savings accounts or Qualified U.S. Savings Bonds. See the Invest529 Program Description for more information.
Yes, you must liquidate the EE or I U.S. Savings Bonds and/or Education Savings Account and complete the Coverdell/US Savings Bond Transfer Form. Keep in mind, Invest529 is not responsible for redeeming the EE or U.S. Savings Bonds or coordinating the Coverdell Account transfer with the originating financial institution. You must also provide Invest529 with the basis and earnings for your redemption of qualified Series EE or I U.S. Savings Bonds or the transfer of a Coverdell Education Savings Account at the time these proceeds are deposited to your Invest529 account. If the information is not received within 60 days, the entire amount will be recorded as earnings.
CollegeAmerica is available only through financial professionals. Generally, your statement will have “CollegeAmerica” listed in the account title or name.
- You are allowed two investment option changes per beneficiary (student) per calendar year.
- You are allowed one rollover per student during a rolling 12-month period.
- There is no limit on the number of transfers.
Note: Roth IRA rollovers do not count against your yearly rollover limit. Please read the applicable Program Description for more information.
It typically takes approximately three (3) business days to process requests submitted online to move funds between Invest529 accounts (if mailing paper forms, the processing time may be longer). For rollovers involving another qualified tuition program (QTP) or a Roth IRA, please allow up to 30 days for processing after all required documentation is received. Account owners should check with the other plan’s administrator regarding their processing times.
You can upload your supporting documentation or signature pages through your online account. After logging in, select Upload Documents under the Help Desk tab. You may also upload the documents securely by using Invest529’s Secure Upload Link.