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2. 529 plan vs. Roth IRA: Here’s how families can use both to ...

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

   ) The Roth IRA allows you to contribute a maximum each year – $7,000 in 2024 – and an extra $1,000 catch-up contribution for those 50 and older. The Roth is especially flexible because of how ...

3. 529 plan contribution limits for 2024: What college savers ...

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

   Key rules apply to the conversion: The 529 plan must be open for at least 15 years before it can be rolled over into a Roth IRA and there’s a $35,000 lifetime limit on rollovers. Bottom line

4. The 529 to Roth IRA transfer opportunity - AOL

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

   The maximum amount that can be rolled over into a Roth IRA from a 529 plan is $35,000 per beneficiary, per account. But, for 2024, the total contribution can’t exceed $7,000 per beneficiary ...

5. Should I convert my IRA into a 529 plan? - AOL

   www.aol.com/finance/convert-ira-529-plan...

   Moving IRA funds into a 529 plan could trigger fees, but you can avoid a penalty. ... Contributions to a Roth IRA, which are taxed prior to being added, can be withdrawn penalty-free for any ...

6. Here Are the 529 Plan Contribution Limits by State - AOL

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

   Plus, 529 savings plan contributions can be invested, similar to the structure of a 401(k), and any investment profits used to pay for qualified education expenses are 100% tax-free.

7. 529-To-Roth IRA Rollovers: What You Need To Know

   www.aol.com/finance/529-funds-now-rolled-roth...

   Starting in 2024, unused 529 funds can be rolled into a Roth IRA tax-free, thanks to the SECURE 2.0 Act, giving families more flexibility with college savings.

8. Are 529 College Savings Plans Tax Deductible?

   www.aol.com/529-college-savings-plans-tax...

   Here’s a look at how a several states treat 529 plan contributions. ... Maximum deduction of $10,000 ($20,000 for married joint filers) per year. New York. Maximum deduction of $5,000 ($10,000 ...

9. Why Unused 529 Plan Funds Might No Longer Be a Concern With ...

   www.aol.com/why-unused-529-plan-funds-070000800.html

   Annual 529-to-Roth transfers are limited to the lesser of the annual Roth IRA contribution limit ($7,000 in 2024 for adults under 50) or the recipient's actual earnings during that year. Also, any ...