But doesn't this plan kind of suck? To roll over an account, download the form: Rollover request—529 college savings plan (PDF). (Washington, DC) In the fall of 2002, the Government of the District of Columbia will launch a 529 college savings program designed to help families, relatives and friends save money for college expenses. Getting Started Is Easy . Yes, you can. The plan features a menu of age-based and static … This type of transfer is called a rollover. I live in DC and contribute 4K for each kid into a DC 529 plan to get the tax write up. Then print out your Incoming Rollover Form and mail it to your current plan. However, each state has its own rules regarding eligibility for income tax benefits and tax treatment of 529 plan rollovers. • For your contribution to be invested, you must clearly print all required information and include a check payable to DC College Savings Plan for an amount matching the amount below.

The DC ABLE Program is offered through the National ABLE Alliance. But doesn't this plan kind of suck? DC College Savings Plan is DC’s tax-advantaged 529 savings plan designed to help people easily and affordably save for college. To roll over your current 529 account to The Vanguard 529 Plan (known as a direct rollover), you'll first need to open a new account in the plan and select With a rollover or transfer when asked to pick a funding method. What if you contribute additional funds to the DC 529 a year after opening the account?

Investment Portfolios. Married residents can get a state tax deduction for up to $8,000 of contributions. Anonymous: I know you can roll over a DC 529 account to another state 529 plan without repaying any of the DC tax deduction once the account has been open for at least two years. (You can get around the 12-month restriction by naming a different family member as beneficiary of the 529 plan you are rolling into.) The DC College Savings Plan is managed by Ascensus College Savings. DC 529 rollover: Forum Index » Money and Finances : Author Message; 02/11/2015 11:16 Subject: DC 529 rollover. What plan should I put the money to and is this truly the best way to go? com.) (If you have not established an account, you must also complete and enclose an Enrollment Form or enroll online at dc.savewithable. When should you switch 529 plans? Only one income tax-free rollover of a 529 to a 529 for the same beneficiary is allowed per 12-month period. Federal tax law allows one tax-free 529 plan rollover per 12-month period. Enroll online, download an enrollment form, or finish your existing application; Rollover your existing 529 funds; We let you know everything you need to get started; Open an Account.

DC 529 rollover: Forum Index » Money and Finances : Author Message; 02/11/2015 11:16 Subject: DC 529 rollover. Open an account today.

I think I saw someone mention transferring the money elsewhere after you get the tax write off. By Joseph Hurley September 14, 2015. You can't, however, roll a 529 plan account into an IRA or any other retirement plan.

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Or call us at 800-544-1914. What if you contribute additional funds to the DC 529 a year after opening the account? Earnings grow tax free; Pay for tuition, room and board, and more; Withdraw funds when you’re ready; see all benefits. There are two ways you can rollover your 529 college savings plan. I think I saw someone mention transferring the money elsewhere after you get the tax write off. You can either fill out a rollover distribution form for the new plan and let the plan administrators handle the transfer, or you can take a distribution from your existing account and deposit the money into the new plan as a rollover … Benefits of Bright Start 529 Plan. If you have extra funds in an individual 529 plan account that you don't want to transfer to another beneficiary, you might name yourself as the beneficiary and use the funds for your own future education. We are DC residents. Benefits of Bright Start 529 Plan. Investment Portfolios. Under federal tax laws you are allowed to roll over a 529 plan account for each beneficiary once during any 12-month period.

Calvert Group, Ltd. What plan should I put the money to and is this truly the best way to go? Federal tax law allows you to roll over any or all of your 529 account from your current 529 plan to a different 529 plan, but only once in any 12-month period. Getting Started Is Easy .

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