Hal_Al
Level 15

Education

Q. This actually makes me think of a "strategy" that I always wondered about.  If someone had one big 529, could they pay for one kids expenses, then change the beneficiary to kid 2 and pay for that expense, change back to kid 1...repeat until graduation?  I recognize the ideal case is that each kid has their own 529, but would this be an option?

A. No. You are limited to one beneficiary change per year.  The right strategy in that situation is to roll over a portion of the money, in kid 1's plan,  to a new 529 for kid 2.