SECURE 2.0 allows 529 plans to be rolled into Roth IRAs beginning in January 2024. To learn more about the specifics of what is allowed, Bob Keebler, CPA/PFS, interviews education expert, Ross Riskin, CPA/PFS, in this episode of the PFP Section podcast. Ross responds to the following questions.
What are the primary tax benefits of 529 plans?
What are the most important things to know about the new provision in SECURE 2.0?
Where do we need to seek further clarification and what potential traps do we need to watch out for when rolling 529 plans into Roth IRAs?
What should CPAs recommend to their clients now?
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Find decision charts updated for 2023 in the Proactive Planning Toolkit.
Use the Guide to Education Planning to support your clients.
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