![]() Starting in 2024, 529 account owners will have the option to use excess 529 plan funds to jumpstart the retirement of their beneficiaries by allowing owners to move unused funds in the account directly to the plan beneficiary’s Roth IRA. law provides more flexibility for 529 plan assets. A 529 plan is a tax-advantaged savings plan that allows parents, grandparents, and other family members to save for a child’s college education.Ī recent change to U.S. One popular option is to start a 529 college savings plan. What to know when considering a 529 College Savings PlanĪs the cost of higher education continues to rise, parents are seeking out ways to make college more affordable for their children.
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