529 plans are for education, while Roth IRAs are for retirement. But you can use either—or both—of these tax-advantaged plans to boost college savings.

Contributions to a Roth IRA can be withdrawn penalty-free to open a 529 plan. 529 plans allow contributions to grow tax-free and provide tax-free distributions for qualified education expenses.

One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be ...

So if you convert traditional IRA funds to a Roth IRA in September 2024, your five-year clock begins on Jan. 1, 2024, and you could withdraw the funds penalty-free on Jan. 1, 2029.

The best reason to add a Roth IRA to your retirement plan this year is the savings on taxes, with tax-free growth potential, tax-free withdrawals, and more.

RMDs: Beginning at age73 (or 75 if you were born in 1960 or later), you must begin taking RMDs from your 401 (k), even if you ...

Don't let your retirement portfolio drift rudderless. Even the best investment plans need regular adjustments. That's where ...

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.

As with traditional accounts, your plan administrator must explain how much of your distribution is eligible for rollover. 2. Determine If Your Roth 401(k) Distribution Is ‘Qualified’ ...

For 2024 and 2025, you can contribute up to $7,000 a year ($8,000 if you’re age 50 or older) to a Roth IRA. For 529 plans, there is a contribution limit set by the Internal Revenue Service (IRS ...

Roth IRA to 529 plan: Education vs. retirement. Before transferring your money, it’s important to review the potential ramifications, along with your financial needs and goals.