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Retirement
from24/7 Wall St.
1 week ago

The 529-to-Roth Rollover Strategy That Turns Unused College Savings Into $524,000 of Tax-Free Retirement Income

Unused 529 funds can be rolled into a beneficiary’s Roth IRA up to $35,000 if eligibility rules are met, enabling tax-free retirement growth.
Retirement
from24/7 Wall St.
3 weeks ago

The 529 to Roth IRA Rollover That Unlocks $35,000 of Tax-Free Money for a Grandchild Under SECURE 2.0

Unused 529 funds can be rolled into a Roth IRA without tax or penalty, effective January 1, 2024.
Education
from24/7 Wall St.
1 month ago

Clark Howard Says Dump Your Coverdell ESA for a 529 Plan: Here's Why

The Coverdell ESA is largely considered obsolete compared to the more flexible 529 college-savings plan.
Retirement
fromSubstack
3 months ago

An IRS Agent's Side Hustle, Anthropic's $300B Tender, & Can You Afford a $1.8M Home? - Ep 176

Coverage includes IRS moonlighting, managing overfunded 529s, investment diversification, insider purchase signals, selling private shares, Anthropic valuation, and high-income home affordability.
Law
fromPatently-O
6 months ago

Happy Thanksgiving: CLE and a Tax Question

US lawyers may use 529 plans to pay CLE tuition, raising questions about firm reimbursement and classification as client development.
from24/7 Wall St.
10 months ago

We're financially ready to retire, but are parents really spending $25k per year extra during college?

One Redditor suggested putting $50,000 into a 529 plan the day your child is born and then forgetting about it. Of course, you have to put the money into a good ETF for the funds to compound, but if you do that, you may have enough money for your child's college education.
Retirement
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