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Can I move money from another 529 Plan to Florida’s 529 Savings Plan?

Yes. Funds may be transferred from another state’s 529 Plan into a Florida 529 Savings Plan. The IRS calls this a “rollover” and allows you to do so once every 12 months for the same Beneficiary.

In addition, Education Savings Accounts (ESAs), Uniform Gift/Transfers to Minor Act (UGMA/ UTMA) assets and redeemed U.S. Savings Bonds can also be transferred to a 529 Plan at any time.

For specific guidance relating to your college savings plans, please consult an investment adviser or certified public accountant.

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