|Can I roll over my existing 529 account to another state's 529 plan without penalty?|
Yes. You can do a rollover (without changing the designated beneficiary) once every 12 months without incurring a penalty. This might be attractive if you move to another state or if you simply prefer the investment options that a different state offers. However, if you want to roll over your account more than once a year, you'll need to designate a new beneficiary (you can change it back later) to avoid a penalty.
You must complete the rollover within 60 days in order to avoid a penalty. If you wish to roll over your account, be sure to check your plan's specific requirements.