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Thanks to new rules set out in the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022, unused 529 funds can be transferred to the 529 beneficiary’s Roth IRA account.
Say this couple have two kids and each has a 529 plan with $36500, they’d still have money left over in the accounts after they reached the $35,000 lifetime limit. What else can you do with a ...
Nestled in the $1.7 trillion spending bill passed last week is a nugget of good news for Americans with unused funds in their 529 plans that help families save for college.
Owners of 529 college savings plans got a potentially lucrative boost from the $1.7 trillion omnibus spending bill that passed in late December, thanks to a measure that allows unused money in the...
Unused funds in a 529 plan can now be used to jump-start a child's retirement savings.
529 plans can be used for many college-associated expenses other than tuition.