FAQs
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- Can I transfer an existing ABLE account into my Washington State ABLE Savings Plan?
- Yes, you can use the ABLE to ABLE Rollover Form to get started. Keep in mind that you can only make one rollover every 12 months and can have only one ABLE account at a time. You are allowed 60 days to rollover your assets from one ABLE account to another. An ABLE account can also be rolled over... Read more
- Can I transfer an existing ABLE account into my Washington State ABLE Savings Plan account?
- Yes, you can use the ABLE to ABLE Rollover Form to get started. Keep in mind that you can only make one rollover every 12 months. A Washington State ABLE Savings Planaccount can also be rolled over to an eligible member of the family if the rollover happens before the death of the original... Read more
- Can I roll over a 529 College Savings Plan into my Washington State ABLE account?
- Yes, you can roll over money from a 529 College Savings account into a Washington ABLE account without incurring federal taxes or the federal tax penalty. The rollover must be either to the same beneficiary’s ABLE account or to the ABLE account of a family member of the beneficiary. If the... Read more
- Can I close and transfer my Washington State ABLE Savings Plan to a different ABLE account?
- Yes, but you can only make one rollover every 12 months and can have only one ABLE account at a time. You are allowed 60 days to rollover your assets from one ABLE account to another. Use the other ABLE plan’s rollover forms to start the process. If you’re looking for a national plan available to... Read more