Be Cautious Before Moving 529 Funds To A Roth, Advisors Say
Leftover money in a 529 college savings plan can now be rolled over into a Roth IRA without penalties or taxes under the SECURE 2.0 Act! But some urge caution:
“While this is a great option for some, these are highly individual financial decisions,” says Eric Pritz, Senior Partner at Signature Estate and Investment Advisors.
Before transferring funds, it’s essential to weigh your options—there are strict regulations, and often better alternatives. Let’s talk about what’s right for your situation.
Read the full article from Financial Advisor Magazine here: https://www.fa-mag.com/news/be-cautious-before-moving-529-funds-to-a-roth–advisors-say-79954.html?section=104
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