5 Things to Consider Before Doing a 529 Plan Rollover

There are a number of reasons why someone might want to change 529 plans. Perhaps your plan has been under-performing, or you maybe you moved and your new state offers a tax deduction for contributions. In the rare event that a state closes a plan, such as Tennessee’s prepaid tuition program, account owners have the option to rollover their account value into a 529 college savings plan without penalty.

But before you make any changes to your plan, ask yourself these five questions

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