Forgot to mention for #2 below, I was referring to the rollover to a new 529 plan not a new Coverdell. 529 should not have income restriction. Just not sure if rolling over the over contribution plus earnings can avoid the 6% excess fees. But 529 plan people said for rollover, they will need to initiate the rollover from my current Coverdell accounts, not to have my current brokerage to send directly to them. This would be tough as not knowing the exact amount yet due to brokerage will need to calculate earnings once I submit the removal of excess form.
Any insights here?
