Maurice has been saving for his daughter's college expenses using a $529$ plan. Since opening the account $9$ years ago, Maurice

hasaccumulated $$80,000$ in the plan. His daughter needs only $$70,000$ to pay for college expenses. What can Maurice do with the

remaining $$10,000$ to avoid taxes and penalties after his daughter graduates college?

Maurice may roll over the money into his own Roth IRA account.

Maurice can use the money to fund a graduation party as long as the party occurs on university grounds.

Maurice can purchase a life insurance policy naming his daughter as the beneficiary.

Maurice may roll over the money into a Roth IRA account for his daughter.