Now that up to $35,000 from a 529 plan can be rolled over to a Roth IRA over the course of the beneficiary’s lifetime, you don’t really need to pick one account or the other.

So, for some people, the Roth IRA vs. 529 plan debate is irrelevant because you can’t even put money in a Roth IRA if your income is too high. You Need to Catch Up on College Savings.

"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 ...

Thanks to the new $35,000 Roth IRA rollover provision, a 529 plan is among the most useful tools for guaranteeing long-term economic security for your loved ones. That’s because Roth IRA ...

The owner of the Roth IRA must be the beneficiary of the 529 plan. For example, if your child is the 529 plan beneficiary, then you’ll need to help them open a Roth IRA. Confirm eligibility.

529 Plan, Roth IRA, SECURE Act 2.0, Backdoor Roth IRA, 529 Plan risks. New rules allow limited 529-to-Roth IRA transfers, but with restrictions and questions. Is the "mega-backdoor" strategy worth it?

Key aspects. Roth IRA. 529 plan. Income limits. Individual filers with annual income less than $165,000; Married couples filing jointly with a combined income less than $246,000 ...

Thanks to the SECURE 2.0 Act, you can transfer a lifetime limit of up to $35,000 from a 529 plan to a Roth IRA for the beneficiary, tax-free, if the 529 has been open for 15 years and the funds ...

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.

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.

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.