While 529 plans were established under Section 529 of the federal tax ... now — easily up your money game without altering ...

The money in a 529 plan doesn't only have to go toward tuition to count as a qualified withdrawal. You can typically withdraw ...

The SECURE 2.0 Act, which became law in December 2022, changes the 529 plan rules to permit rollovers of some funds from these college savings accounts into a Roth IRA. It could allow transfers to ...

A recent law change lets 529 plan owners roll up to $35,000 in excess funds into a Roth IRA in the beneficiary's name. The IRS still has some important rules to clarify about this new option.

Second, you could roll the money into a Roth IRA for your son. Just be mindful that this option comes with a few limitations, ...

529 plans are not the only options to consider for saving for future college expenses. For example, you may have heard of Coverdell Education Savings Accounts. The biggest drawback is Coverdell ...

Most 529 plans don’t have contribution limits ... whether to invest in your state’s plan or look elsewhere. Know the rules regarding qualified education expenses. Some states now include ...

529 plan contributions and qualified withdrawals ... though each state has different rules and limits. Some states don’t offer any kind of tax deduction.

Please view our full advertiser disclosure policy. In addition to those perks, this 529 plan receives top marks for investment selection, asset allocation and overall management expertise from ...

Costs have come down, investment options have gotten better, and stewardship by states over 529 college savings programs has ...

To take advantage of this new option, families with 529 plans must adhere to the following rules: Also, any direct Roth IRA contributions to beneficiaries' account will reduce their annual 529-to ...

That's because you can roll up to $35,000 from a 529 plan into a Roth IRA without incurring the 10% penalty that would've previously applied to that sort of withdrawal. There are rules to follow ...