Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans and the Roth IRA Rollover Strategy Explained
In this episode of The College Savings Podcast, Lucas and Luna explore a powerful but often overlooked 529 plan feature: the ability to roll over unused funds into a Roth IRA for your child. Effective in 2024 under Secure 2.0, this rule allows up to $35,000 in lifetime rollovers, subject to annual Roth contribution limits and a 15-year account age requirement. Lucas breaks down the mechanics, including why the beneficiary must have earned income and how this affects grandparents who overfund accounts. Luna asks the practical questions: Can you do multiple rollovers? What if the child…
The skinny
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