Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
The 529 Plan As A Wedding Gift For Your Child
Episode 21 of The College Savings Podcast tackles a creative and tax-efficient use of 529 plans: helping fund your child's wedding. Lucas and Luna break down how the SECURE Act allows up to $35,000 in 529 funds to be rolled into a Roth IRA for the beneficiary, and how that same account can later help with a down payment on a first home. They walk through a real example: a couple who used leftover 529 savings to cover a wedding venue and a subsequent Roth IRA rollover. The hosts also explain the gift tax implications, the five-year election strategy, and why this approach works best for…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.