Should I roll over excess 529 funds to a Roth IRA or change the beneficiary?

The right choice depends on your family’s educational and financial goals. If you have another family member who plans to attend college or private school, changing the beneficiary is often the simplest way to use the funds for the intended tax-free purpose. If all educational needs are met, rolling the funds into a Roth IRA could be a beneficial strategy for a beneficiary’s retirement savings, as it may offer tax advantages.