The 529 Plan As A Wedding Gift For Your Child

Episode 21 of The College Savings Podcast tackles a creative and tax-efficient use of 529 plans: helping fund your child's wedding. Lucas and Luna break down how the SECURE Act allows up to $35,000 in 529 funds to be rolled into a Roth IRA for the beneficiary, and how that same account can later help with a down payment on a first home. They walk through a real example: a couple who used leftover 529 savings to cover a wedding venue and a subsequent Roth IRA rollover. The hosts also explain the gift tax implications, the five-year election strategy, and why this approach works best for families who over-saved or whose children earned scholarships. Specific numbers include the $16,000 annual gift tax exclusion for 2026 and the $35,000 lifetime Roth rollover cap. Listeners will learn one concrete strategy they can mention to a financial advisor tomorrow. #529Plan #WeddingGift #RothIRA #SECUREAct #CollegeSavings #GiftTax #FinancialPlanning #FamilyFinance #TaxStrategy #DownPayment #HomeBuying #StudentLoans #Parenting #MoneyTips #Podcast #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo