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REDDIT

Vanguard: UTMA to 529 transfer

L
May 2, 2025 · 00:23

I have 3 UTMA for my kids. I have liquidated holdings in each account and want to move the proceeds of each to a 529 for each that already exists. Unable in to compete from the website (unable to transfer between these accounts error). I chatted and help said I have to move the funds completely out of the UTMA to a bank (or they can mail me a check) and talk to the 529 people to see if I can put money in the 529s (and consult a tax professional, thanks). Has anyone had a different experience?