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Subject:  Rolling over Education IRA to 529? Date:  5/10/2013  11:37 AM
Author:  iamafool2012 Number:  118600 of 127549

I have an Education IRA and a 529 for my kid. The reason I created the Education IRA was to be able to manage the money myself rather than investing with a money manager in a 529. Since the E-IRA has a limit of 2000 per year, I am not sure if mine is a good strategy. So I have been thinking of rolling over all the money from E-IRA to the 529 I have with Fidelity. My questions are -

1. Is it possible?

2. If so, how does the tax consequences plays in the picture? I have stocks in the E-IRA which I do not want to sell for the proceeds (What I would like to do is transfer that stock in my brokerage account and transfer the proceeds from there - as in I want to to in-kind transfer and then roll-over). Can this be done? Or is it wishful thinking?
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