Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
The 529 Plan Rollover Loophole You Should Know
We explore the SECURE 2.0 Act provision that allows tax-free rollovers from 529 plans to Roth IRAs, a rule taking effect in 2024. With limits of seven thousand five hundred dollars per year and a lifetime cap of thirty-five thousand dollars, this strategy turns underutilized college savings into retirement wealth. Lucas breaks down the five-year vesting requirement and how to structure contributions for maximum efficiency, while Luna questions the opportunity cost of locking away funds versus keeping them liquid for tuition.
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The skinny
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