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Real members of MyAutismTeam have posted questions and answers that support our community guidelines, and should not be taken as medical advice. Looking for the latest medically reviewed content by doctors and experts? Visit our resource section.

Should You Transfer 529 College Savings To An ABLE Account?

A MyAutismTeam Member asked a question 💭
Leominster, MA

Helpful article-

Now, families who previously established 529 college savings accounts, which can also grow tax-free, are wondering if they should transfer that money to one of the ABLE programs offered by a growing list of state governments. While recently passed tax legislation makes it possible to directly roll over funds from a 529 into ABLE, the answer is probably “no,” unless there’s a compelling need to make those college savings directly accessible by the beneficiary.

The new law, part… read more

March 16, 2021
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