Can a divorced parent rollover their 401(k) into their child's 529 plan without incurring a penalty?

Is it possible and sensible to rollover my 401(k) from a former employer (approximately $36,000) to a 529 plan for my son? I am 48 years old. My ex received $50,000 out of my 401(k) when we divorced. I know I would get taxed, but I heard I could do this with zero penalty if I was divorced. Is this correct information?

Marriage / Divorce, 401(k), Taxes
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2 weeks ago
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You would still have the penalty, as well as the tax. Sorry. However, if you still want to help your son with college, you could roll your 401(k) into a rollover IRA. Once there, the rules, if followed correctly, allow for you to distribute funds to pay for qualified college expenses (tuition, books, room and board, etc.). 

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