After much speculation, the Big, Beautiful Bill has been passed, and there are several points that will directly impact the ...

Learn how to maximize investing in a 529, a state-sponsored college education savings account for qualifying educational ...

Do you know how much you’re able to contribute or what the funds could be used to pay for? Check out the nitty-gritty details ...

The “One, Big, Beautiful Bill” would allow families to use 529 education savings plans to pay for career certifications, ...

A 529 savings plan doesn't just have to be for paying for college, it can help kickstart your child’s retirement too. Thanks to the SECURE Act 2.0, leftover 529 funds can be rolled over into a ...

A 529 plan is a great way to enjoy some tax advantages while you save up for college. But after all that hard work saving, you want to make sure you are smart about tapping those funds.

A 529 college savings plan can be a powerful tool when saving for future education expenses because investments in the plan can increase tax-free, but many savers don’t take full advantage of ...

For example, let’s say a 529 plan beneficiary contributes $2,000 to his traditional IRA in 2025. Only $5,000 of leftover 529 funds can be transferred to his Roth IRA in 2025.

If your 529 plan is invested entirely in cash or cash equivalents, then the current market could present an opportunity to invest some of the funds in stocks. “Things are on sale,” Lazaroff said.

The 529 funds you roll over count toward your IRA annual contribution limit. You can move a maximum of $35,000 from a 529 plan to a Roth IRA during your lifetime.

The ability to convert unused 529 funds to a Roth IRA can help alleviate potential concerns about oversaving for education. Still, don’t count on your 529 as a means to save for retirement.

Business Nation Should you worry about overfunding your 529 plan? Dec. 27, 2024 at 10:57 am Updated Dec. 27, 2024 at 11:55 am ...