Скачать или смотреть Roll over your 529 Plan into Roth IRA

Wait for it… most ppl don’t know the bonus part!!

🎓💰 Big changes for saving & investing: The SECURE Act 2.0 now allows you to convert a 529 College Savings Plan into a Roth IRA! Here's how it works:

✅ 529 Plan: A tax-advantaged account for education savings. You can withdraw funds tax-free for qualified expenses like tuition, but what if there's money left over?

✅ Roth IRA Conversion: The SECURE Act 2.0 allows unused 529 funds to be converted into a Roth IRA without penalty, starting in 2024.

📈 Key Rules:
The 529 must have been open for at least 15 years.
Only contributions made in the last 5 years are eligible for conversion.
Conversion limit: $35,000 lifetime max per beneficiary.
Funds must go to a Roth IRA for the same beneficiary, and the conversion must follow annual Roth IRA contribution limits.
💡This is a great way to keep that savings growing for retirement!


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