Yes. A rollover from a 529 plan account, such as ISave 529, into an IAble account can be made as long as the beneficiary of the 529 plan is the IAble account owner or a “member of the family” (as defined by Section 529) of the account owner in the ABLE plan. It’s important to note the rollover will count towards your $20,000 annual contribution limit.
For more information about IAble, obtain a Plan Disclosure Booklet (PDF) online or by calling (888) 609-8910. Investment objectives, risks, charges, expenses, eligibility and other important information are included in the Plan Disclosure Booklet; read and consider it carefully before investing.
If you are not an Iowa taxpayer, consider before investing whether your home state offers a qualified ABLE program that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's qualified ABLE program.
The Treasurer of the State of Iowa acts as trustee of the ABLE Savings Plan Trust, which is administered by the Iowa State Treasurer’s Office. IAble is a qualified ABLE plan offered as part of the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC as the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services. IAble offers a series of Investment Options within the National ABLE Alliance. Investment returns are not guaranteed, and you could lose money by investing in IAble.
IAble and the IAble logo are trademarks of the Iowa ABLE Savings Plan Trust.
