What happens to my Investment Plan funds if my child doesn’t attend college, trade, or technical school?

You can cancel the plan and withdraw the remaining balance, or the plan can be transferred to another family member (including the parent!). There is no expiration on when the funds must be used.

You may also choose to transfer (roll over) remaining Investment 529 Plan funds to a beneficiary’s Roth IRA (Individual Retirement Account). The lifetime maximum a parent can transfer is $35,000 per beneficiary, and the account must have been open for 15 years (with rollover funds in the account for at least 5 years). Any rollover is also subject to current Roth IRA contribution limits.