Converting 529 To Roth Ira In 2024 Uk

Converting 529 To Roth Ira In 2024 Uk. There are some important rules: The money must have spent at least 15 years in the 529.


Converting 529 To Roth Ira In 2024 Uk

Starting in 2024, you can roll unused 529 plan funds to a roth individual retirement account, without taxes or penalties. Starting in 2024, the new provision allows up to a lifetime total of $35,000 to be rolled over from a 529 plan to a roth ira established in the name of the beneficiary.

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