"Most" Americans are now able to do a 529 plan to Roth IRA rollover. But there are a lot of "catches" you need to know. There are several new benefits for investors in 529 plans. The SECURE 2.0 ...

529 plan vs Roth IRA: Which one is better? If you’re trying to pick the best account to save for your child’s education, 529 plans and Roth IRAs are both solid options.

So, which is better when it comes to saving for college: a Roth IRA or a 529 plan? Both offer tax advantages, and your money can be invested and grow using either option.

A 529 plan is a college savings plan that provides tax advantages when used for qualifying purposes, similar to a Roth IRA or 401 (k), except the money is used for education rather than retirement.

The combination of beneficiary flexibility, tax-free growth and eventual Roth IRA conversion makes a 529 plan a powerful financial planning tool even before considering a state tax deduction.

New rules allow limited 529-to-Roth IRA transfers, but with restrictions and questions. Is the "mega-backdoor" strategy worth it?

529 plan beneficiaries can roll over up to $35,000 to a Roth IRA over their lifetime. Rollovers are subject to Roth IRA annual contribution limits. The 529 account must be more than 15 years old.

A 529 savings plan can be used to pay for your child's education, but it can also be used to fund their retirement.

Starting in 2024, unused 529 funds can be rolled into a Roth IRA tax-free, thanks to the SECURE 2.0 Act, giving families more flexibility with college savings.

In the 529 vs. Roth IRA contest, the Roth IRA often wins. But there are situations where a 529 plan makes more sense, and financial aid is an important consideration.

But you might also consider using your Roth IRA, because of its many tax advantages. Here are the pros and cons of using a 529 or a Roth IRA to pay for college.