"Most" Americans are now able to do a 529 plan to Roth IRA rollover. But there are a lot of "catches" you need to know. There are several new benefits for investors in 529 plans. The SECURE 2.0 Act of ...

If you’re a parent who set up a 529 plan to save for your child’s college costs, but find that circumstances have changed and the funds are no longer needed for school, the money can be used ...

The SECURE 2.0 Act, which became law in December 2022, changes the 529 plan rules to permit rollovers of some funds from these college savings accounts into a Roth IRA. It could allow transfers to ...

The 529 plan must be open for at least 15 years. You cannot convert 529 contributions made within the past five years (or the earnings on those contributions). The 529 funds you roll over count toward ...

Starting this year, you can now roll over unused 529 funds to a Roth IRA. But don't think the 529 rollover is a loophole to save extra for retirement; there are rules that limit the conversions.

Individuals can use 529 plans to reduce estate tax liability, maximize contributions through superfunding and provide allowances through rollovers to Roth IRAs, all leading to significant tax savings.

The ability to change the beneficiary to other family members is still in place with 529 plans, and that combined with the new rules that allow for rollovers to Roth IRAs, means that you could ...

One of the significant changes SECURE 2.0 brought about is that starting this year, you can roll over funds tax- and penalty-free from a 529 account to a Roth IRA. “It’s a great opportunity ...

Of course, there are strings and limits. The 529 Roth IRA rollover is new for 2024 enacted as part of the SECURE 2.0 Act (signed into law at the end of 2022). We haven’t seen any IRS guidance as of ...