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2. Can a Roth IRA be used for college?

   www.aol.com/finance/roth-ira-used-college...

   Using a Roth IRA cuts into retirement savings. If you use too much of your Roth IRA funds to cover higher education expenses, you may fall behind on retirement goals. Roth IRA accounts can lose money.

3. 529 plan vs. Roth IRA: Here’s how families can use both to ...

   www.aol.com/finance/529-plan-vs-roth-ira...

   You can fund a 529 plan now and convert a sizable chunk of money unused for educational expenses into a Roth IRA down the road. “529 plans will provide the best benefit for college savings ...

4. My wife and I saved up $73,000 in 529 college savings plans ...

   www.aol.com/finance/wife-saved-73-000-529...

   As of 2024, you may be allowed to roll over up to $35,000 in unused funds from your 529 plan into a Roth IRA account for the beneficiary — the idea being that these unused funds can help ...

5. Can I contribute to my godchild’s education savings fund? - AOL

   www.aol.com/finance/contribute-godchild...

   Most people associate a Roth account with retirement, but it can also be used for education savings purposes. In 2025, the annual limits for Roth IRAs are $7,000 for those under 50 years of age ...

6. 529 plan contribution limits for 2024: What college savers ...

   www.aol.com/finance/529-plan-contribution-limits...

   Finally, starting in 2024, families can roll unused 529 plan funds to a Roth IRA in the beneficiary’s name without triggering income taxes or penalties.This new rule, signed into law as part of ...

7. You can now move any money left over in your 529 college ...

   www.aol.com/finance/now-move-money-left-over...

   Rolling 529 funds into a Roth IRA can give the beneficiary a head start on retirement savings, with benefits like tax-free growth, flexible investment options and no required minimum distributions ...