Convert 529 Plan To Roth Ira 2024

Convert 529 Plan To Roth Ira 2024. Below are the basic rules you. You might know you can roll, transfer, or otherwise convert 529 assets into a roth ira account, but how do you actually do it?

The secure 2.0 act, which became law in december 2022, makes it potentially more attractive to make a 529 to roth ira conversion starting in 2024. The secure act 2.0 gives you the ability to transfer excess funds in your 529 to a roth ira without paying taxes or penalties.