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- Oct 13, 2010
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Apparently there's a new law going into effect that allows leftover 529 funds to go into a Roth. I've only read the article below. There's a 35K lifetime max, and the rollover is not in addition to the annual maximum. The account must be 15 years old.
As it turns out, I just got done re-titling a 529 where I was the owner and DD the beneficiary, to now she is both owner and beneficiary. I don't know if it's 15 years from the initial deposit, or if the clock started over again.
Either way, she was probably going to fund her Roth anyway, so didn't need the new rollover rule.
https://www.cnbc.com/2022/12/23/tax...lans-to-roth-iras-may-be-allowed-in-2024.html
As it turns out, I just got done re-titling a 529 where I was the owner and DD the beneficiary, to now she is both owner and beneficiary. I don't know if it's 15 years from the initial deposit, or if the clock started over again.
Either way, she was probably going to fund her Roth anyway, so didn't need the new rollover rule.
https://www.cnbc.com/2022/12/23/tax...lans-to-roth-iras-may-be-allowed-in-2024.html