Navigating the New 529-to-Roth IRA Rollover Rules: Opportunities and Hidden Risks
Starting in 2024 and continuing into 2026, a significant provision under the SECURE 2.0 Act allows families to move unused 529 college savings plan balances into a Roth IRA for the beneficiary, tax-free and penalty-free. This federal policy shift, enacted to address concerns over leftover education savings, provides a new mechanism for retirement planning, though…
