Converting an IRA into a 529 savings plan could help you leverage state tax incentives and save ... too. Coverdell education savings account: A Coverdell ESA is a type of investment account ...
a recent federal tax adjustment provides an opportunity for 529 plan contributors to jumpstart a child or grandchild’s 529 education savings account while utilizing gift tax exclusions ...
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Should I convert my IRA into a 529 plan?Converting an IRA into a 529 savings plan could help you leverage state tax incentives and save money. However, you may be penalized for moving the funds from one type of account to the other.
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