Do you have unused funds in your college savings plan? Consider a 529 plan-to-Roth IRA rollover
$225.00
Description
Abstract: Given the exorbitant costs of higher education, many parents begin saving for college when their children are very young. A popular and effective tool for doing so is a 529 plan. What happens when, 15 years into the future, there are unused funds in the account? This article explores the benefits of rolling over a 529 plan to a Roth IRA. A sidebar examines three additional options to redistribute leftover 529 plan funds.
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