Can I roll over leftover funds from my child’s Investment 529 Plan into an IRA?

Why is this a great option?

You get the benefit of locking in tuition plan prices with fixed monthly payments and the flexibility to save for other expenses as your budget allows. You can combine both plans for a well-balanced, diversified savings strategy.

Why is this a great option?

You can use your savings for a wide variety of expenses and control how much you invest and when for ultimate flexibility. As with any investment, the value of your plan will change based on market conditions and the investment option(s) you select.

Why is this a great option?

You know exactly what you are getting for your fixed monthly payment—a 100% risk-free investment that covers a set number of years of tuition and most fees.

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The Board collects personal information about our customers (account owners, survivors and beneficiaries) from the enrollment application, correspondence, account transactions and other forms of communication. In compliance with federal regulations, the Board has physical, electronic and procedural safeguards in place to protect this information.

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The Board reserves the right to modify its privacy policy at any time. If modified, we will notify you of the change and, as applicable, allow you time to choose whether you want the information shared.

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Troy Miller

Troy Miller is the Deputy Chief Data Officer for the Florida Board of Governors and provides stakeholders with data and analytics concerning the State University System of Florida. Prior to joining the Board, Mr. Miller served as Associate Director for Research and Policy at the Florida College Access Network and is a doctoral candidate at the University of South Florida’s College of Education. He is a recipient of the University of South Florida Outstanding Staff Award and National College Access Network’s Dr. David B. Swedlow Memorial College Access Practitioner Award of Excellence. Mr. Miller received bachelor’s and master’s degrees from Central Michigan University.

Radford Lovett

Mr. Lovett is managing director and co-founding partner of Lovett Miller & Co., a Florida-based venture capital and private equity firm that invests in privately held companies primarily in the Southeastern United States. Mr. Lovett has also served as founder, chairman and chief executive officer of two successful growth companies, TowerCom Development, LP, and TowerCom Limited. In addition, Mr. Lovett formerly served as a member of the board of trustees for the University of North Florida and also served as president of the foundation board and co-chairman of the University of North Florida’s Capital Campaign. He is also a former chairman of the Youth Crisis Center and the Jacksonville Jaguars Honor Rows program. Mr. Lovett graduated from Harvard College and lives in Atlantic Beach, Florida.

Kathy Hebda

Chancellor Kathy Hebda has committed more than 30 years to improving education for students in Florida across all educational sectors. As Chancellor of the Florida College System’s 28 institutions, she continues to advocate for open access for all Floridians to high-quality, affordable postsecondary education. Chancellor Hebda began her educational career in Florida’s and Georgia’s public school system as a middle school chorus teacher. She came to the Florida Department of Education (FDOE) in 1992 first serving as a program specialist, policy coordinator, and administrator of the District Certification Partnership Training Program in the Bureau of Educator Certification. Hebda also held positions as FDOE’s Deputy Public School Chancellor for Educator Quality, as well as Chief of the Bureau of Educator Recruitment, Development, and Retention. Before becoming Chancellor of the Florida College System, Hebda served as Chief of Staff to Florida’s former Commissioner of Education Pam Stewart. Chancellor Hebda earned her master’s degree in Music Education from Florida State University and a bachelor’s degree in Music Education from Newberry College in South Carolina.

Slater Bayliss

Slater Bayliss was appointed to the Florida Prepaid College Board by Governor Ron DeSantis in 2021. Slater is a co-founder of The Advocacy Partners and has worked in public affairs for over two decades. He advises large and small companies specializing in areas of financial services, insurance, and risk management. Previously, Slater served in Governor Jeb Bush’s administration where his portfolio included business recruitment and economic development. Following his time in the Governor’s office he managed the only citizen’s initiative campaign in Florida history to successfully repeal a provision from the state constitution. In this role he managed all financial and accounting functions for the campaign in addition to directing political strategy. Slater served in numerous volunteer roles including as Chair of the Florida Sports Charitable Foundation where he oversaw investment management as well as the foundation’s grant process. Additionally, he has served as Chair of the Board of Directors for Tree House of Tallahassee and was responsible for the financial solvency and strategy of the organization. Slater earned a bachelor’s degree from the University of Iowa and a master’s degree from Florida State University.

Mark Agustin

Mark Agustin currently serves as an executive with Blue Ridge Associates, a leading provider of technology enabled compliance consulting and administrative processing services within the US retirement industry.

Prior to joining Blue Ridge Associates, Mark served as Chief Operating Officer of Today’s Dental Network, a leading dental services organization. Previously, Mr. Agustin served as President of Aspire Financial Services, a leading provider of technology enabled financial processing services within the U.S. retirement industry. Mark has also served in various executive leadership roles with Carrier Enterprise, PMSI/AmerisourceBergen, Zavata, Watsco, IMR Global, and HealthPlan Services.

Mr. Agustin received his Bachelor of Science degree in Finance and Accounting from Widener University.

Adria D. Starkey

Vice Chairman

Adria D. Starkey was appointed to the Florida Prepaid College Board by Governor Rick Scott in December 2015. Ms. Starkey serves as the Collier County President for FineMark National Bank & Trust. Ms. Starkey has three decades of experience in financial services. Prior to joining FineMark, Ms. Starkey was Chief Operating Officer of The Sanibel Captiva Trust Company and President of The Naples Trust Company. She is currently on the Foundation Board for Healthcare Network of Southwest Florida, the Board of Directors for Gulfshore Playhouse and the Friends of Baker Park Board of Directors. She is currently a trustee of the Naples Children and Education Foundation. Ms. Starkey holds a degree in finance from the University of Florida and has done postgraduate work at Florida International University, University of Miami and the University of North Carolina.

John D. Rood

Chairman

Ambassador John D. Rood was appointed to the Florida Prepaid College Board by Governor Rick Scott in 2016 and is the current Chairman of the Board. Mr. Rood is the founder and chairman of The Vestcor Companies. He served as United States Ambassador to the Commonwealth of the Bahamas from 2004 until 2007. Mr. Rood previously served as a member of the Florida Fish and Wildlife Conservation Commission and the Board of Governors of the State University System. He is on the Board of Trustees of Flagler College and previously served as a board member for Episcopal High School and Teach for America. Mr. Rood received his bachelor’s degree from the University of Montana.

Email these prices to remember your options!

Send a copy of the plan prices for your child born on xx/xx/xxxx for easy reference. Prepaid Plan prices were valid through April 30, 2025.

Investment Performance Disclaimer

The investment returns for the investment options are provided as general information only and are not intended to provide investment or other advice. Past performance is no guarantee of future performance. The Program cannot and will not provide legal, financial or tax advice, and nothing herein or in any other written materials shall be construed as such.

The administrative fees are available in the Program Description and Participation Agreement found on our website.

The investment return shown for each investment option reflects the returns for the portfolio(s) comprising the investment option. For investment options that consist of multiple portfolios, the Board may change the allocations. When such changes occur, historical performance will be based on the allocations as of the date of the change. Performance for periods after the change will be based on the updated allocations.

Please see the Program Description & Participation Agreement for the Investment 529 Plan.

The assets of the Investment 529 Plan are invested in accordance with the guidelines.

Investment returns shown in the table above were calculated by Aon, the Board’s investment consultant, by computing the percentage change in the trust unit value of each investment option. The unit values were provided to Aon for computing the investment returns.

Estimated Total Plan Value

Your estimated total plan value is calculated based on how much we anticipate paying out on your Prepaid 529 Plan (if selected) and how much your Investment 529 Plan (if selected) could be valued at in the future, assuming a 5% annual rate of return.

Prepaid 529 Plan estimated payout is based on the amount we anticipate paying schools for tuition and fees covered by your plan. The estimate is based on current in-state tuition and fees, anticipated inflation and historical usage patterns. The actual benefit (costs paid in the future) may be higher or lower. However, the actual benefit will never be less than the price you pay for a plan – you cannot lose money.

Investment 529 Plan estimated value is calculated based on a simple interest formula using a 5% assumed annual rate of return. The Investment 529 Plan is not guaranteed and is subject to market conditions. It is possible to lose money with any investment.

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Why is this a great option?

Why is this a great option?

Why is this a great option?

Terms of Use

Protecting your personal information is important to the Florida Prepaid College Board.

Troy Miller

Radford Lovett

Kathy Hebda

Slater Bayliss

Mark Agustin

Adria D. Starkey

John D. Rood

Email these prices to remember your options!

Investment Performance Disclaimer

Estimated Total Plan Value