How to Convert 529 Plan Savings to a Roth IRA

August 19, 20251:16 watchRetirement Planning

Starting in 2024, a new rule allows families to convert leftover 529 college savings funds into a Roth IRA for the beneficiary. Nathan Gilbert of Meridian Financial Partners explains the key requirements—like the 15-year rule, earned income, annual limits, and the $35,000 lifetime cap—and how this strategy can maximize savings without penalties.

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