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.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
