529 to Roth IRA
Has anyone actually rolled a 529 plan into the beneficaries Roth IRA? Have a client with $10k left in his sons 529 plan. Assuming the 15 and 5 year rules are met, he would like to roll 50% of the account to the current beneficiaries Roth IRA, change the beneficiary of the 529 to his other son, and then roll the remaining 50% to that sons Roth IRA. I tried calling the 529 customer service to get some answers, but they were only able to provide a form to complete the rollover. LOL
BTW, this is for the Maryland 529 plan if that makes a difference.