One of the most common college savings vehicles right now is a 529 plan. While 529 funds never expire and can be passed on to another family member by the account owner, circumstances sometimes arise where the account owner would like the money to remain the beneficiary’s. This is where the 529-to-Roth rollover over could make sense.

Financial experts predict a “great wealth transfer” in the coming years as baby boomers distribute or leave their assets to the next generation. Some projections estimate as much as $124 trillion will change hands by 2048 – and most of it will go to women, creating the largest wealth transfer by gender in history.