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Video Tips: An Opportunity to Rollover Sec 529 Plan to a Roth IRA

Families and students with an existing Section 529 plan who have found an alternative way to pay for their education, or simply didn’t pursue a higher education, have concerns about left over funds being trapped in the 529 account unless they take a non-qualified withdrawal and assume a penalty. This has led to hesitating, delaying, or declining to fund 529s to levels needed to pay for the rising costs of education. The SECURE 2.0 Act eliminates this concern by providing families and students with the option to avoid the penalty, potentially resulting in families putting more into their 529 account.

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