Whoops - Our income is (somewhat unexpectedly) going to be over the $220,000 limit this year, and I have already funded $2,000 in both of my kids' ESAs. What do I do now? I guess I need to withdraw the funds, but then what? Apparently I can gift the money to my kids then they can fund it... Any advice on logistics? I know, I should contact the brokerage company but am expecting them to offer the "consult you tax advisor" advice. Next year's income should be back under the contribution limit.