ESA / IRA
Bill has an ESA that he certain that he is not going to use. can he roll it into an IRA? If not, what are his options with this account?
Bill has an ESA that he certain that he is not going to use. can he roll it into an IRA? If not, what are his options with this account?
Permalink Submitted by Gary Webb on Thu, 2023-07-13 01:14
If you have unused funds in a Coverdell ESA, they can be rolled over to another ESA or a 529 plan by the time the beneficiary reaches age 30, or you can change the beneficiary on the existing ESA account.