topic Re: 529 in Retirement tax questions

529

jad56061 — Wed, 11 Feb 2026 09:52:35 GMT

How many times can I change beneficiary's per year and per lifetime?

Re: 529

marctu — Wed, 26 Jun 2024 18:48:21 GMT

So, a 529 plan is designed to help save for the future education costs of a single beneficiary. You as the plan account owner may change the beneficiary as often as you like on a 529, so there are no limits on either yearly or lifetime. It does have to be a qualifying family member though. A qualifying family member includes:

Natural or legally adopted children

Parents or ancestors of parents

Siblings or stepsiblings

Stepchildren

Stepparents

First cousins

Nieces or nephews

Aunts or uncles

In addition, the spouse of the beneficiary or the spouse of any of those listed above also qualifies as a family member of the beneficiary.

Keep in mind though there will be paperwork each time you do it.

Thanks again for the question @jad56061

All the best,

Marc

Employee Tax Expert

Re: 529

jad56061 — Wed, 26 Jun 2024 18:59:11 GMT

Paper work will be worth it to help someone I love to spend on education. Am I right?!?

Re: 529

evelynm — Wed, 26 Jun 2024 19:07:00 GMT

Yes that is an amazing way to help your loved ones.

Re: 529

marctu — Wed, 26 Jun 2024 19:07:57 GMT

Well paperwork can be an annoyance or a joy. I am glad you are seeing the joy in it.