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Can I move assets from a 529 plan at another state to my new T. Rowe Price College Savings Plan account?

April 26, 2017assets College Savings Plan price rowe State

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Can I move assets from a 529 plan at another state to my new T. Rowe Price College Savings Plan account?

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Transfers between 529 plans for the same beneficiary are limited to once per 12 months, but there is no restriction on the frequency of transfers between 529 plans if the beneficiary is changed to another family member in the process of the transfer. Assets may also be moved from an UGMA/UTMA account to a 529 account, however you will not be permitted to change your existing beneficiary to a new beneficiary. Also note that the redemption from an UGMA/UTMA may be subject to taxes. Consolidating all your educational accounts can simplify your planning and cut down on your paperwork. For more information on making transfers, call a T. Rowe Price customer service representative at 1-800-369-3641.