Can I convert my 529 college savings plan to a Coverdell ESA, or am I stuck with my 529 plan?
1 Answer
You can roll a Coverdell ESA into a 529, but you cannot go the other way around.
529's have contribution limits an order of magnitude higher than that of a Coverdell ESA. If you could roll a 529 into a Coverdell, it would defeat the purpose of the limit on the ESA.