Convert 529 Plan To Roth Ira 2024 India

Convert 529 Plan To Roth Ira 2024 India. Recent legislative tied to the secure act 2.0 (passed by congress at the end of 2022) now offer an opportunity to convert or roll over assets in a 529 plan into a. If you have a 529 plan, or are considering opening one, you’ll likely be interested in a rule that went into effect on january 1, 2024, as part of the secure 2.0.

Starting in 2024, you can roll unused 529 assets—up to a lifetime limit of $35,000—into the account beneficiary’s roth ira, without incurring the. Please consult with your tax.