To initiate a rollover, you must request a direct trustee-to-trustee transfer from your 529 plan administrator to the beneficiary’s Roth IRA custodian. The Roth IRA must be established in the name of the 529 plan beneficiary. It is highly recommended to consult with your financial advisor and tax professional before initiating the transfer to ensure all 15-year holding periods and earned income requirements are properly documented.
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